Weiss Ratings Reaffirms Hold (C+) Rating for John Marshall Bancorp (NASDAQ:JMSB)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for John Marshall Bancorp (NASDAQ:JMSB) following their report on its performance.
• John Marshall Bancorp's stock currently shows a consensus rating of "Moderate Buy" with a price target of $22.00 set by Keefe, Bruyette & Woods.
• The company's latest quarterly earnings reported $0.36 EPS, exceeding analysts' estimates of $0.35, with a net margin of 16.68%.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods assumed coverage on shares of John Marshall Bancorp in a report on Monday, July 21st. They issued an "outperform" rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, John Marshall Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

John Marshall Bancorp Price Performance

NASDAQ JMSB opened at $18.89 on Wednesday. John Marshall Bancorp has a 52 week low of $13.81 and a 52 week high of $26.52. The company has a market cap of $268.62 million, a PE ratio of 14.20 and a beta of 0.70. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $19.69 and its two-hundred day simple moving average is $18.14.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. John Marshall Bancorp had a net margin of 16.68% and a return on equity of 7.60%. The firm had revenue of $15.43 million for the quarter, compared to the consensus estimate of $15.52 million.

Insider Transactions at John Marshall Bancorp

In related news, CFO Kent Carstater bought 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $18.43 per share, for a total transaction of $92,150.00. Following the completion of the transaction, the chief financial officer directly owned 53,131 shares in the company, valued at $979,204.33. This trade represents a 10.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On John Marshall Bancorp

Several hedge funds have recently bought and sold shares of JMSB. Nuveen LLC bought a new stake in John Marshall Bancorp during the first quarter valued at approximately $564,000. Cresset Asset Management LLC lifted its position in John Marshall Bancorp by 1.5% during the first quarter. Cresset Asset Management LLC now owns 102,950 shares of the company's stock valued at $1,701,000 after purchasing an additional 1,521 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of John Marshall Bancorp by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,957,750 shares of the company's stock worth $32,343,000 after acquiring an additional 13,848 shares during the last quarter. MAI Capital Management lifted its holdings in shares of John Marshall Bancorp by 1.6% in the 1st quarter. MAI Capital Management now owns 222,976 shares of the company's stock worth $3,684,000 after acquiring an additional 3,618 shares during the last quarter. Finally, FJ Capital Management LLC lifted its holdings in shares of John Marshall Bancorp by 83.6% in the 1st quarter. FJ Capital Management LLC now owns 320,127 shares of the company's stock worth $5,288,000 after acquiring an additional 145,746 shares during the last quarter. 39.09% of the stock is currently owned by institutional investors.

About John Marshall Bancorp

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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