John Marshall Bancorp (NASDAQ:JMSB) Price Target Raised to $25.00

John Marshall Bancorp (NASDAQ:JMSB – Free Report) had its price target increased by Keefe, Bruyette & Woods from $24.00 to $25.00 in a report issued on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Raymond James Financial started coverage on John Marshall Bancorp in a research note on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 price target for the company. Weiss Ratings raised John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $24.50.

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John Marshall Bancorp Stock Down 1.5%

JMSB stock opened at $23.22 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. John Marshall Bancorp has a 1 year low of $18.02 and a 1 year high of $23.79. The company has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $20.87. The firm has a market cap of $327.63 million, a PE ratio of 13.42 and a beta of 0.59.

John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.24%. Sell-side analysts anticipate that John Marshall Bancorp will post 1.94 EPS for the current fiscal year.

John Marshall Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. This is a positive change from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s dividend payout ratio (DPR) is presently 20.81%.

Institutional Investors Weigh In On John Marshall Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new position in John Marshall Bancorp in the 4th quarter valued at approximately $518,000. Rhino Investment Partners Inc grew its holdings in shares of John Marshall Bancorp by 25.0% during the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock worth $2,405,000 after purchasing an additional 23,740 shares in the last quarter. Snowden Capital Advisors LLC acquired a new stake in shares of John Marshall Bancorp during the 2nd quarter worth approximately $396,000. AQR Capital Management LLC bought a new stake in shares of John Marshall Bancorp during the fourth quarter valued at approximately $414,000. Finally, FJ Capital Management LLC increased its position in shares of John Marshall Bancorp by 4.0% during the third quarter. FJ Capital Management LLC now owns 429,908 shares of the company’s stock valued at $8,521,000 after purchasing an additional 16,555 shares during the period. 39.09% of the stock is owned by institutional investors and hedge funds.

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