JPMorgan Chase & Co. Acquires 23,640 Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB)

JPMorgan Chase & Co. grew its position in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 119.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,409 shares of the company's stock after purchasing an additional 23,640 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of John Marshall Bancorp worth $872,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in John Marshall Bancorp by 3.0% during the 4th quarter. Rhumbline Advisers now owns 18,531 shares of the company's stock valued at $372,000 after buying an additional 536 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of John Marshall Bancorp by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 285,732 shares of the company's stock valued at $5,653,000 after acquiring an additional 2,215 shares during the last quarter. State Street Corp grew its holdings in shares of John Marshall Bancorp by 1.5% in the third quarter. State Street Corp now owns 199,299 shares of the company's stock valued at $3,942,000 after purchasing an additional 2,903 shares in the last quarter. SG Americas Securities LLC bought a new stake in John Marshall Bancorp in the fourth quarter worth $105,000. Finally, Barclays PLC raised its stake in John Marshall Bancorp by 272.5% during the third quarter. Barclays PLC now owns 16,436 shares of the company's stock valued at $325,000 after purchasing an additional 12,024 shares in the last quarter. 39.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Kent Carstater acquired 5,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $15.77 per share, with a total value of $78,850.00. Following the completion of the purchase, the chief financial officer now directly owns 48,131 shares in the company, valued at approximately $759,025.87. This trade represents a 11.59 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.73% of the stock is owned by insiders.

John Marshall Bancorp Price Performance

Shares of NASDAQ:JMSB traded up $0.47 on Friday, reaching $17.47. The company's stock had a trading volume of 14,802 shares, compared to its average volume of 19,933. The company has a 50-day simple moving average of $16.38 and a 200 day simple moving average of $19.43. John Marshall Bancorp, Inc. has a 52-week low of $13.81 and a 52-week high of $26.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $249.86 million, a P/E ratio of 14.56 and a beta of 0.68.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter. The company had revenue of $14.60 million for the quarter. John Marshall Bancorp had a return on equity of 7.20% and a net margin of 15.23%.

John Marshall Bancorp Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 27th will be issued a dividend of $0.30 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from John Marshall Bancorp's previous annual dividend of $0.25. John Marshall Bancorp's dividend payout ratio is presently 24.19%.

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.