984,411 Shares in John Marshall Bancorp, Inc. $JMSB Purchased by BlackRock Inc.

BlackRock Inc. bought a new position in John Marshall Bancorp, Inc. (NASDAQ:JMSB – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 984,411 shares of the company’s stock, valued at approximately $21,460,000. BlackRock Inc. owned approximately 0.07% of John Marshall Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JMSB. Strs Ohio purchased a new stake in shares of John Marshall Bancorp during the 1st quarter valued at about $26,000. Raymond James Financial Inc. purchased a new position in shares of John Marshall Bancorp during the second quarter valued at approximately $104,000. Osaic Holdings Inc. purchased a new position in shares of John Marshall Bancorp during the second quarter valued at approximately $193,000. NewEdge Advisors LLC bought a new position in John Marshall Bancorp during the third quarter valued at approximately $229,000. Finally, JPMorgan Chase & Co. lifted its position in John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock valued at $229,000 after purchasing an additional 2,063 shares during the period. Institutional investors own 39.09% of the company’s stock.

Wall Street Analysts Forecast Growth

JMSB has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on shares of John Marshall Bancorp from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of John Marshall Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. One equities 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.50.

John Marshall Bancorp Trading Up 2.0%

John Marshall Bancorp stock opened at $23.02 on Thursday. John Marshall Bancorp, Inc. has a 52-week low of $18.50 and a 52-week high of $24.26. The company has a market cap of $324.81 million, a P/E ratio of 13.31 and a beta of 0.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $21.36.

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 for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $18.78 million for 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 9.16%. Analysts predict that John Marshall Bancorp, Inc. will post 1.94 EPS for the current year.

John Marshall Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.10 per share. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. John Marshall Bancorp’s dividend payout ratio is currently 23.12%.

About John Marshall Bancorp

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