John Marshall Bancorp (NASDAQ:JMSB) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• John Marshall Bancorp shares crossed above their 50-day moving average, reaching $23.40 and closing at $23.25, compared with a 50-day average of $23.02.
• Analyst sentiment is mixed but leans positive: the stock has an overall “Moderate Buy” rating and a $25 average price target, despite one recent downgrade to “Strong Sell.”
• The company exceeded quarterly EPS expectations, reporting $0.55 versus a $0.50 estimate, and declared a quarterly dividend of $0.10 per share, representing a 1.7% yield.

John Marshall Bancorp, Inc. (NASDAQ:JMSB - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $23.02 and traded as high as $23.40. John Marshall Bancorp shares last traded at $23.25, with a volume of 136,791 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded John Marshall Bancorp from a "hold" rating to a "strong sell" rating in a research note on Friday, September 25th. Wall Street Zen upgraded John Marshall Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. Keefe, Bruyette & Woods increased their price target on John Marshall Bancorp from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 14th. Finally, Weiss Ratings raised shares of John Marshall Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, John Marshall Bancorp presently has an average rating of "Moderate Buy" and an average target price of $25.00.

John Marshall Bancorp Price Performance

The stock has a 50-day simple moving average of $23.02 and a 200 day simple moving average of $21.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $328.06 million, a P/E ratio of 12.37 and a beta of 0.58.

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 for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.61 million. John Marshall Bancorp had a return on equity of 9.97% and a net margin of 21.84%. On average, equities analysts expect that John Marshall Bancorp, Inc. will post 1.94 EPS for the current year.

John Marshall Bancorp Dividend Announcement

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

Hedge Funds Weigh In On John Marshall Bancorp

A number of hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp raised its holdings 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 buying an additional 23,789 shares in the last quarter. Blue Edge Capital LLC bought a new position in shares of John Marshall Bancorp in the second quarter valued at approximately $338,000. NewEdge Advisors LLC acquired a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $460,000. Bank of America Corp DE bought a new stake in John Marshall Bancorp during the 2nd quarter worth approximately $3,883,000. Finally, Man Group plc bought a new stake in John Marshall Bancorp during the 2nd quarter worth approximately $366,000. Institutional investors and hedge funds own 39.09% of the company's stock.

About John Marshall Bancorp

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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