John Marshall Bancorp (NASDAQ:JMSB) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Shares dipped below the 50-day moving average: John Marshall Bancorp traded as low as $22.81 and last changed hands at $23.04, just under its $23.07 average.
• Analyst sentiment remains broadly positive: The stock has an average “Buy” rating and a $25 average price target, despite recent rating changes ranging from upgrades to a downgrade to “Hold.”
• Quarterly results were mixed: Earnings per share of $0.55 beat estimates by $0.05, while revenue of $18.06 million fell short of expectations. The company also declared a $0.10 quarterly dividend.

John Marshall Bancorp, Inc. (NASDAQ:JMSB - Get Free Report)'s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $23.07 and traded as low as $22.81. John Marshall Bancorp shares last traded at $23.04, with a volume of 99,187 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of John Marshall Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, November 2nd. Keefe, Bruyette & Woods lifted their price objective on John Marshall Bancorp from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 14th. Weiss Ratings upgraded John Marshall Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut John Marshall Bancorp from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $25.00.

John Marshall Bancorp Stock Down 0.4%

The business has a fifty day simple moving average of $23.07 and a two-hundred day simple moving average of $21.72. The company has a current ratio of 1.06, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The company has a market cap of $325.09 million, a PE ratio of 12.26 and a beta of 0.57.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $18.06 million during the quarter, compared to analysts' expectations of $18.61 million. John Marshall Bancorp had a net margin of 21.84% and a return on equity of 9.90%. As a group, equities research analysts predict that John Marshall Bancorp, Inc. will post 1.95 earnings per share for the current year.

John Marshall Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Tuesday, November 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 10th. John Marshall Bancorp's dividend payout ratio (DPR) is currently 21.28%.

Hedge Funds Weigh In On John Marshall Bancorp

A number of institutional investors have recently added to or reduced their stakes in JMSB. BlackRock Inc. acquired a new position in John Marshall Bancorp during the second quarter worth $21,460,000. Toth Financial Advisory Corp increased its stake in shares of John Marshall Bancorp by 7.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 360,042 shares of the company's stock worth $8,177,000 after acquiring an additional 23,789 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of John Marshall Bancorp in the 2nd quarter worth $3,883,000. Rhino Investment Partners Inc raised its holdings in shares of John Marshall Bancorp by 25.0% during the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company's stock worth $2,405,000 after acquiring an additional 23,740 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of John Marshall Bancorp during the 2nd quarter worth $740,000. Hedge funds and other institutional investors own 39.09% of the company's stock.

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, D.C. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington, D.C. 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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