Wall Street Zen Upgrades John Marshall Bancorp (NASDAQ:JMSB) to Buy

Key Points

• Wall Street Zen upgraded John Marshall Bancorp from “hold” to “buy,” bringing the stock’s consensus rating to “Buy” with an average price target of $24.50.
• John Marshall Bancorp exceeded quarterly expectations, reporting $0.50 earnings per share versus the $0.44 estimate and revenue of $17.94 million versus the $17.41 million consensus.
• The stock opened at $23.25, with a $328.1 million market capitalization, while institutional and hedge-fund investors own approximately 39.09% of outstanding shares.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other analysts have also recently weighed in on JMSB. Keefe, Bruyette & Woods increased their price target on shares of John Marshall Bancorp from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Weiss Ratings raised shares of John Marshall Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, John Marshall Bancorp presently has a consensus rating of "Buy" and a consensus target price of $24.50.

John Marshall Bancorp Trading Down 0.0%

NASDAQ:JMSB opened at $23.25 on Friday. The company has a market capitalization of $328.10 million, a PE ratio of 13.44 and a beta of 0.58. John Marshall Bancorp has a 52-week low of $18.50 and a 52-week high of $24.26. The stock's 50 day moving average price is $22.31 and its 200 day moving average price is $21.14. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.44.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $17.94 million during the quarter, compared to the consensus estimate of $17.41 million. John Marshall Bancorp had a return on equity of 9.16% and a net margin of 20.41%. On average, research analysts anticipate that John Marshall Bancorp will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in John Marshall Bancorp during the 2nd quarter worth approximately $25,000. Strs Ohio acquired a new position in John Marshall Bancorp during the first quarter worth $26,000. Hingham Institution for Savings purchased a new position in John Marshall Bancorp in the fourth quarter worth $100,000. Raymond James Financial Inc. acquired a new stake in John Marshall Bancorp in the second quarter valued at $104,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth $193,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

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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