John Marshall Bancorp (NASDAQ:JMSB) Stock Price Up 0.5% - Still a Buy?

Key Points

• John Marshall Bancorp's stock rose 0.5% to $19.00, despite a 69% decrease in trading volume compared to its average.
• Keefe, Bruyette & Woods has initiated coverage on the stock with a price target of $22.00 and an "outperform" rating.
• Insider buying was reported as CFO Kent Carstater purchased 5,000 shares at an average price of $18.43, increasing his ownership by 10.39%.

John Marshall Bancorp, Inc. (NASDAQ:JMSB - Get Free Report)'s stock price rose 0.5% during trading on Monday . The stock traded as high as $19.27 and last traded at $19.00. Approximately 6,342 shares changed hands during trading, a decline of 69% from the average daily volume of 20,722 shares. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

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

John Marshall Bancorp Price Performance

The company has a 50-day moving average price of $18.65 and a two-hundred day moving average price of $17.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $277.67 million, a PE ratio of 14.62 and a beta of 0.70.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued 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. The firm had revenue of $15.43 million during the quarter, compared to the consensus estimate of $15.52 million. John Marshall Bancorp had a return on equity of 7.64% and a net margin of 16.68%.

Insider Buying and Selling

In other John Marshall Bancorp news, CFO Kent Carstater purchased 5,000 shares of John Marshall Bancorp stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $18.43 per share, with a total value of $92,150.00. Following the completion of the acquisition, the chief financial officer owned 53,131 shares of the company's stock, valued at approximately $979,204.33. This trade represents a 10.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.05% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of John Marshall Bancorp by 278.1% during the 4th quarter. Bank of America Corp DE now owns 269,723 shares of the company's stock worth $5,416,000 after purchasing an additional 198,383 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of John Marshall Bancorp by 8.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,943,902 shares of the company's stock worth $39,034,000 after purchasing an additional 155,234 shares during the period. FJ Capital Management LLC increased its position in John Marshall Bancorp by 83.6% in the 1st quarter. FJ Capital Management LLC now owns 320,127 shares of the company's stock valued at $5,288,000 after acquiring an additional 145,746 shares during the period. Fourthstone LLC acquired a new stake in John Marshall Bancorp in the 2nd quarter valued at approximately $1,535,000. Finally, Nuveen LLC acquired a new stake in John Marshall Bancorp in the 1st quarter valued at approximately $564,000. Institutional investors own 39.09% of the company's stock.

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.