John Marshall Bancorp (NASDAQ:JMSB) Given New $24.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised its price target on John Marshall Bancorp to $24.00 (from $23.00) and kept an "outperform" rating, implying roughly a 13.48% upside from the current price.
• Analyst consensus is a Moderate Buy with a $24.00 consensus target—ratings include one Strong Buy, one Buy and two Holds, and Raymond James initiated coverage with a Strong-Buy and a $24 target.
• The company recently posted an EPS beat ($0.43 vs. $0.40) on $16.79M revenue; John Marshall Bancorp has a market cap of about $300.5M and a P/E of 13.3.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $23.00 to $24.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 13.48% from the company's current price.

JMSB has been the subject of a number of other reports. Zacks Research raised shares of John Marshall Bancorp to a "hold" rating in a research note on Thursday, April 16th. Weiss Ratings raised shares of John Marshall Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. Finally, Raymond James Financial started coverage on shares of John Marshall Bancorp in a research note on Tuesday, April 14th. They issued a "strong-buy" rating and a $24.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

John Marshall Bancorp Trading Up 0.7%

NASDAQ JMSB traded up $0.15 on Friday, hitting $21.15. 477 shares of the stock were exchanged, compared to its average volume of 30,319. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $20.27 and a two-hundred day moving average price of $20.06. The firm has a market capitalization of $300.54 million, a P/E ratio of 13.30 and a beta of 0.63. John Marshall Bancorp has a 52-week low of $16.27 and a 52-week high of $22.10.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $16.79 million during the quarter, compared to analyst estimates of $16.48 million. John Marshall Bancorp had a net margin of 19.27% and a return on equity of 8.67%. Research analysts forecast that John Marshall Bancorp will post 1.8 EPS for the current fiscal year.

Institutional Trading of John Marshall Bancorp

Several hedge funds have recently modified their holdings of JMSB. Strs Ohio purchased a new stake in shares of John Marshall Bancorp during the first quarter valued at about $26,000. Hingham Institution for Savings acquired a new position in shares of John Marshall Bancorp during the fourth quarter valued at about $100,000. Raymond James Financial Inc. acquired a new position in shares of John Marshall Bancorp during the second quarter valued at about $104,000. Osaic Holdings Inc. acquired a new position in shares of John Marshall Bancorp during the second quarter valued at about $193,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company's stock valued at $229,000 after acquiring an additional 2,063 shares in the last quarter. 39.09% of the stock is owned by hedge funds and other institutional investors.

John Marshall Bancorp Company Profile

John Marshall Bancorp, Inc is the bank holding company for John Marshall Bank. The Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, DC The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington, DC Metropolitan area.

 

The Bank offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals.

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