Keefe, Bruyette & Woods Begins Coverage on John Marshall Bancorp (NASDAQ:JMSB)

Keefe, Bruyette & Woods assumed coverage on shares of John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm set an "outperform" rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 15.24% from the company's current price.

John Marshall Bancorp Stock Performance

John Marshall Bancorp stock opened at $19.09 on Monday. The stock has a market cap of $272.61 million, a P/E ratio of 15.40 and a beta of 0.70. The firm's fifty day moving average price is $18.09 and its 200-day moving average price is $17.77. John Marshall Bancorp has a fifty-two week low of $13.81 and a fifty-two week high of $26.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $14.60 million for the quarter. John Marshall Bancorp had a net margin of 15.76% and a return on equity of 7.25%.

Insider Buying and Selling

In other news, CFO Kent Carstater bought 5,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was acquired at an average cost of $15.77 per share, with a total value of $78,850.00. Following the completion of the acquisition, the chief financial officer owned 48,131 shares of the company's stock, valued at approximately $759,025.87. This represents a 11.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of John Marshall Bancorp during the first quarter valued at approximately $26,000. Jane Street Group LLC purchased a new position in shares of John Marshall Bancorp during the first quarter valued at approximately $243,000. Lido Advisors LLC purchased a new position in shares of John Marshall Bancorp during the fourth quarter valued at approximately $251,000. Deutsche Bank AG purchased a new position in shares of John Marshall Bancorp during the fourth quarter valued at approximately $261,000. Finally, Citadel Advisors LLC raised its holdings in shares of John Marshall Bancorp by 12.7% during the fourth quarter. Citadel Advisors LLC now owns 16,423 shares of the company's stock valued at $330,000 after purchasing an additional 1,851 shares during the last quarter. 39.09% of the stock is owned by hedge funds and other 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.

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