T. Rowe Price Investment Management Inc. boosted its position in John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,943,902 shares of the company's stock after purchasing an additional 155,234 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 13.65% of John Marshall Bancorp worth $39,034,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of JMSB. SG Americas Securities LLC acquired a new stake in John Marshall Bancorp in the fourth quarter valued at $105,000. Barclays PLC raised its position in shares of John Marshall Bancorp by 272.5% in the third quarter. Barclays PLC now owns 16,436 shares of the company's stock valued at $325,000 after purchasing an additional 12,024 shares during the period. Rhumbline Advisers lifted its stake in John Marshall Bancorp by 3.0% in the 4th quarter. Rhumbline Advisers now owns 18,531 shares of the company's stock worth $372,000 after purchasing an additional 536 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of John Marshall Bancorp by 156.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,769 shares of the company's stock worth $391,000 after acquiring an additional 12,064 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of John Marshall Bancorp by 1.5% in the 3rd quarter. State Street Corp now owns 199,299 shares of the company's stock valued at $3,942,000 after purchasing an additional 2,903 shares in the last quarter. 39.09% of the stock is owned by institutional investors and hedge funds.
John Marshall Bancorp Trading Up 1.4 %
JMSB traded up $0.25 during midday trading on Friday, reaching $17.25. 6,968 shares of the company's stock traded hands, compared to its average volume of 19,826. John Marshall Bancorp, Inc. has a 52 week low of $13.81 and a 52 week high of $26.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day moving average of $16.41 and a two-hundred day moving average of $19.46. The stock has a market capitalization of $246.17 million, a price-to-earnings ratio of 14.37 and a beta of 0.70.
John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last posted its 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 15.23% and a return on equity of 7.20%.
John Marshall Bancorp Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 27th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 27th. This is an increase from John Marshall Bancorp's previous annual dividend of $0.25. This represents a yield of 2%. John Marshall Bancorp's dividend payout ratio is 24.19%.
Insiders Place Their Bets
In other John Marshall Bancorp news, CFO Kent Carstater purchased 5,000 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average price of $15.77 per share, with a total value of $78,850.00. Following the transaction, the chief financial officer now owns 48,131 shares of the company's stock, valued at approximately $759,025.87. This trade represents a 11.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.73% of the stock is owned by insiders.
John Marshall Bancorp Company Profile
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Free Report)
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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