Toth Financial Advisory Corp Has $7.47 Million Stock Position in John Marshall Bancorp, Inc. $JMSB

Key Points

• Toth Financial Advisory Corp sold 13,656 shares of John Marshall Bancorp, reducing its holdings by 3.3% to 402,888 shares valued at approximately $7.47 million.
• John Marshall Bancorp has received a consensus rating of "Buy" from analysts, with a price target of $22.00 as indicated by Keefe, Bruyette & Woods.
• Insider transactions included CFO Kent Carstater purchasing 5,000 shares at an average cost of $18.43, increasing his position by 10.39%.

Toth Financial Advisory Corp decreased its position in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 402,888 shares of the company's stock after selling 13,656 shares during the period. Toth Financial Advisory Corp owned 2.82% of John Marshall Bancorp worth $7,466,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cresset Asset Management LLC lifted its holdings in shares of John Marshall Bancorp by 1.5% during the first quarter. Cresset Asset Management LLC now owns 102,950 shares of the company's stock worth $1,701,000 after purchasing an additional 1,521 shares during the period. Strs Ohio acquired a new stake in shares of John Marshall Bancorp during the 1st quarter valued at approximately $26,000. Citadel Advisors LLC grew its holdings in John Marshall Bancorp by 12.7% in the fourth quarter. Citadel Advisors LLC now owns 16,423 shares of the company's stock valued at $330,000 after purchasing an additional 1,851 shares during the last quarter. MAI Capital Management increased its holdings in John Marshall Bancorp by 1.6% during the 1st quarter. MAI Capital Management now owns 222,976 shares of the company's stock valued at $3,684,000 after acquiring an additional 3,618 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of John Marshall Bancorp by 6.0% during the 4th quarter. Northern Trust Corp now owns 108,839 shares of the company's stock worth $2,185,000 after purchasing an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 39.09% of the company's stock.

Insider Activity

In other John Marshall Bancorp news, CFO Kent Carstater purchased 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $18.43 per share, for a total transaction of $92,150.00. Following the completion of the transaction, the chief financial officer owned 53,131 shares in the company, valued at $979,204.33. The trade was a 10.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.05% of the company's stock.

John Marshall Bancorp Stock Performance

Shares of JMSB traded down $0.10 during mid-day trading on Tuesday, hitting $20.44. The stock had a trading volume of 5,339 shares, compared to its average volume of 19,396. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. John Marshall Bancorp, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $26.52. The company's fifty day simple moving average is $19.55 and its two-hundred day simple moving average is $17.94. The company has a market cap of $290.66 million, a PE ratio of 15.37 and a beta of 0.70.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $15.43 million for the quarter, compared to the consensus estimate of $15.52 million. John Marshall Bancorp had a return on equity of 7.60% and a net margin of 16.68%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods started coverage on shares of John Marshall Bancorp in a research note on Monday, July 21st. They set an "outperform" rating and a $22.00 price objective on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $22.00.

John Marshall Bancorp Profile

John Marshall Bancorp, Inc operates as the bank holding company for John Marshall Bank that provides banking products and financial services. The company accepts checking, demand, NOW, savings, and money market accounts, as well as certificates of deposit. It offers residential and commercial construction and development loans, commercial term, mortgage, commercial real estate, industrial loans, and other commercial lines of credit; debit and credit cards; and treasury and cash management, investment, business and personal insurance, remote deposit capture, deposit sweep and online and mobile banking services.