John Marshall Bancorp, Inc. (NASDAQ:JMSB) CFO Acquires $92,150.00 in Stock

Key Points

• Kent Carstater, CFO of John Marshall Bancorp, purchased 5,000 shares at an average cost of $18.43 each, increasing his total holdings to 53,131 shares.
• The company's earnings per share for the last quarter was reported at $0.36, exceeding the consensus estimate of $0.35.
• Analysts from Keefe, Bruyette & Woods have initiated coverage with an "outperform" rating and set a price target of $22.00 for the stock.

John Marshall Bancorp, Inc. (NASDAQ:JMSB - Get Free Report) CFO Kent Carstater purchased 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $18.43 per share, for a total transaction of $92,150.00. Following the completion of the acquisition, the chief financial officer owned 53,131 shares in the company, valued at $979,204.33. This represents a 10.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

John Marshall Bancorp Price Performance

NASDAQ:JMSB traded up $0.09 during mid-day trading on Tuesday, hitting $18.74. The company's stock had a trading volume of 7,536 shares, compared to its average volume of 20,519. John Marshall Bancorp, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $26.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $267.61 million, a price-to-earnings ratio of 14.09 and a beta of 0.70. The stock has a fifty day moving average of $18.39 and a 200-day moving average of $17.74.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. John Marshall Bancorp had a net margin of 16.68% and a return on equity of 7.64%. The company had revenue of $15.43 million during the quarter, compared to analyst estimates of $15.52 million.

Institutional Investors Weigh In On John Marshall Bancorp

Several hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in John Marshall Bancorp by 1.5% in 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 first quarter worth $26,000. Citadel Advisors LLC raised its holdings in shares of John Marshall Bancorp by 12.7% during the fourth quarter. Citadel Advisors LLC now owns 16,423 shares of the company's stock worth $330,000 after acquiring an additional 1,851 shares during the period. Barclays PLC raised its holdings in shares of John Marshall Bancorp by 14.6% during the fourth quarter. Barclays PLC now owns 18,835 shares of the company's stock worth $378,000 after acquiring an additional 2,399 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of John Marshall Bancorp during the second quarter worth $45,000. 39.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods began coverage on shares of John Marshall Bancorp in a report on Monday, July 21st. They set an "outperform" rating and a $22.00 price target for the company.

About John Marshall Bancorp

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.