John Marshall Bancorp (NASDAQ:JMSB) Shares Up 0.5% - Here's Why

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 share 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.

Analyst Upgrades and Downgrades

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

John Marshall Bancorp Trading Down 0.8%

The firm's 50-day moving average price is $18.68 and its 200-day moving average price is $17.75. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The company has a market cap of $272.46 million, a P/E ratio of 14.41 and a beta of 0.70.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. John Marshall Bancorp had a net margin of 16.68% and a return on equity of 7.60%. The company had revenue of $15.43 million during the quarter, compared to analyst estimates of $15.52 million.

Insider Activity

In related news, CFO Kent Carstater acquired 5,000 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $18.43 per share, with a total value of $92,150.00. Following the acquisition, the chief financial officer owned 53,131 shares of the company's stock, valued at approximately $979,204.33. The trade was a 10.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.05% of the company's stock.

Institutional Investors Weigh In On John Marshall Bancorp

A number of hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of John Marshall Bancorp by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,957,750 shares of the company's stock worth $32,343,000 after acquiring an additional 13,848 shares during the last quarter. FJ Capital Management LLC lifted its holdings in shares of John Marshall Bancorp by 29.1% in the 2nd quarter. FJ Capital Management LLC now owns 413,353 shares of the company's stock worth $7,659,000 after acquiring an additional 93,226 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of John Marshall Bancorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 295,870 shares of the company's stock worth $5,484,000 after acquiring an additional 4,385 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of John Marshall Bancorp by 278.1% in the 4th quarter. Bank of America Corp DE now owns 269,723 shares of the company's stock worth $5,416,000 after acquiring an additional 198,383 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of John Marshall Bancorp by 1.6% in the 1st quarter. MAI Capital Management now owns 222,976 shares of the company's stock worth $3,684,000 after acquiring an additional 3,618 shares during the last quarter. 39.09% of the stock is currently owned by institutional investors.

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.