Raymond James Financial Upgrades John Marshall Bancorp (NASDAQ:JMSB) to "Strong-Buy"

Key Points

• Raymond James Financial upgraded John Marshall Bancorp (NASDAQ:JMSB) to a Strong-Buy, contributing to a MarketBeat consensus rating of Buy and a consensus price target of $23.00 based on mixed analyst views (one Strong Buy, one Buy, one Hold).
• JMSB reported quarterly EPS of $0.42 versus estimates of $0.39 (a slight beat) while revenue was $16.35M versus $16.54M expected; the bank trades at a P/E of 13.83 with a market cap of about $295M, ROE of 8.23% and a net margin of 18.41%.
• Shares opened at $20.75 (50-day/200-day moving averages ~$20.09/$19.92) with a 1‑year range of $13.99–$21.58, and roughly 39% of the stock is owned by institutional investors amid recent purchases by Jane Street, Geode and Raymond James.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) was upgraded by stock analysts at Raymond James Financial to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of John Marshall Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, John Marshall Bancorp has a consensus rating of "Buy" and a consensus price target of $23.00.

John Marshall Bancorp Stock Down 0.4%

JMSB opened at $20.75 on Tuesday. The business's fifty day moving average is $20.09 and its two-hundred day moving average is $19.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $294.86 million, a price-to-earnings ratio of 13.83 and a beta of 0.63. John Marshall Bancorp has a one year low of $13.99 and a one year high of $21.58.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. John Marshall Bancorp had a return on equity of 8.23% and a net margin of 18.41%.The company had revenue of $16.35 million for the quarter, compared to the consensus estimate of $16.54 million.

Hedge Funds Weigh In On John Marshall Bancorp

Several large investors have recently added to or reduced their stakes in JMSB. Jane Street Group LLC purchased a new position in John Marshall Bancorp during the first quarter worth about $243,000. Strs Ohio purchased a new position in John Marshall Bancorp during the first quarter worth about $26,000. Geode Capital Management LLC lifted its position in John Marshall Bancorp by 1.5% during the second quarter. Geode Capital Management LLC now owns 295,870 shares of the company's stock worth $5,484,000 after buying an additional 4,385 shares during the period. Rhumbline Advisers lifted its position in John Marshall Bancorp by 7.1% during the second quarter. Rhumbline Advisers now owns 19,260 shares of the company's stock worth $357,000 after buying an additional 1,275 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in John Marshall Bancorp during the second quarter worth about $104,000. 39.09% of the stock is currently owned by hedge funds and other institutional investors.

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, 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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