John Marshall Bancorp (NASDAQ:JMSB) Trading Down 0.3% – What’s Next?

John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report)’s share price traded down 0.3% on Friday . The company traded as low as $20.83 and last traded at $21.06. 24,672 shares were traded during mid-day trading, a decline of 27% from the average session volume of 33,586 shares. The stock had previously closed at $21.12.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James Financial assumed coverage on John Marshall Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price target on the stock. Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a research note on Thursday, April 16th. Keefe, Bruyette & Woods raised their price target on John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One research 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. According to data from MarketBeat, John Marshall Bancorp has an average rating of “Buy” and an average target price of $24.00.

Read Our Latest Research Report on John Marshall Bancorp

John Marshall Bancorp Stock Performance

John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $16.79 million for the quarter, compared to analyst estimates of $16.48 million. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%. As a group, analysts anticipate that John Marshall Bancorp, Inc. will post 1.85 earnings per share for the current year.

John Marshall Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. John Marshall Bancorp’s dividend payout ratio (DPR) is presently 22.64%.

Hedge Funds Weigh In On John Marshall Bancorp

Several hedge funds have recently made changes to their positions in JMSB. Jane Street Group LLC acquired a new position in John Marshall Bancorp in the 1st quarter valued at about $243,000. Strs Ohio acquired a new position in John Marshall Bancorp in the 1st quarter valued at about $26,000. Geode Capital Management LLC increased its position in John Marshall Bancorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock valued at $5,484,000 after acquiring an additional 4,385 shares during the period. Rhumbline Advisers increased its position in John Marshall Bancorp by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock valued at $357,000 after acquiring an additional 1,275 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in John Marshall Bancorp in the 2nd quarter valued at about $104,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

John Marshall Bancorp Company Profile

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