Toth Financial Advisory Corp Cuts 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 John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

Several other large investors have also recently bought and sold shares of JMSB. Northern Trust Corp raised its position in shares of John Marshall Bancorp by 6.0% in the 4th quarter. Northern Trust Corp now owns 108,839 shares of the company's stock worth $2,185,000 after acquiring an additional 6,178 shares in the last quarter. Bank of America Corp DE raised its position in shares of John Marshall Bancorp by 278.1% in the fourth quarter. Bank of America Corp DE now owns 269,723 shares of the company's stock valued at $5,416,000 after buying an additional 198,383 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of 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 period. Deutsche Bank AG acquired a new position in shares of John Marshall Bancorp in the 4th quarter valued at $261,000. Finally, Nuveen LLC purchased a new stake in shares of John Marshall Bancorp in the 1st quarter worth about $564,000. 39.09% of the stock is owned by institutional investors.

John Marshall Bancorp Price Performance

NASDAQ JMSB traded down $0.68 on Friday, hitting $20.56. 46,210 shares of the company's stock were exchanged, compared to its average volume of 15,329. The stock has a 50-day moving average of $19.51 and a 200-day moving average of $17.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.38. John Marshall Bancorp, Inc. has a 52 week low of $13.81 and a 52 week high of $26.52. The stock has a market cap of $292.36 million, a price-to-earnings ratio of 15.46 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 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. John Marshall Bancorp had a return on equity of 7.60% and a net margin of 16.68%.The company had revenue of $15.43 million during the quarter, compared to analysts' expectations of $15.52 million.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods initiated coverage on shares of John Marshall Bancorp in a report on Monday, July 21st. They issued an "outperform" rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $22.00.

Insider Transactions at John Marshall Bancorp

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

John Marshall Bancorp Company 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.