John Marshall Bancorp (NASDAQ:JMSB) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded John Marshall Bancorp from “Buy” to “Hold.” Despite the downgrade, the broader analyst consensus remains “Buy,” with a $24.50 average price target.
• JMSB reported quarterly EPS of $0.50, exceeding the $0.44 consensus estimate, while revenue of $18.78 million also surpassed expectations.
• The stock opened at $23.25 and is up about 1.0%, with a market capitalization of approximately $328 million; institutional investors own 39.09% of outstanding shares.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

A number of other analysts also recently weighed in on JMSB. Keefe, Bruyette & Woods increased their price target on John Marshall Bancorp from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Weiss Ratings restated a "buy (b-)" rating on shares of John Marshall Bancorp in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $24.50.

John Marshall Bancorp Stock Up 1.0%

JMSB stock opened at $23.25 on Friday. The business's 50 day simple moving average is $22.45 and its 200 day simple moving average is $21.24. John Marshall Bancorp has a 1-year low of $18.50 and a 1-year high of $24.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $328.06 million, a PE ratio of 13.44 and a beta of 0.58.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The business had revenue of $18.78 million during the quarter, compared to analysts' expectations of $17.41 million. John Marshall Bancorp had a return on equity of 9.16% and a net margin of 20.41%. As a group, research analysts anticipate that John Marshall Bancorp will post 1.94 EPS for the current year.

Hedge Funds Weigh In On John Marshall Bancorp

Large investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in John Marshall Bancorp in the 2nd quarter valued at $25,000. Strs Ohio bought a new position in shares of John Marshall Bancorp in the first quarter valued at $26,000. Hingham Institution for Savings bought a new position in shares of John Marshall Bancorp in the fourth quarter valued at $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. Finally, Osaic Holdings Inc. acquired a new position in shares of John Marshall Bancorp during the second quarter valued at about $193,000. 39.09% of the stock is currently owned by 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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