John Marshall Bancorp (NASDAQ:JMSB) Shares Cross Above 50-Day Moving Average – Should You Sell?

John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $23.02 and traded as high as $23.40. John Marshall Bancorp shares last traded at $23.25, with a volume of 136,791 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Wall Street Zen upgraded John Marshall Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Keefe, Bruyette & Woods increased their price target on John Marshall Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Finally, Weiss Ratings raised shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, John Marshall Bancorp presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Read Our Latest Stock Analysis on JMSB

John Marshall Bancorp Price Performance

The stock has a 50-day simple moving average of $23.02 and a 200 day simple moving average of $21.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $328.06 million, a P/E ratio of 12.37 and a beta of 0.58.

John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.61 million. John Marshall Bancorp had a return on equity of 9.97% and a net margin of 21.84%. On average, equities analysts expect that John Marshall Bancorp, Inc. will post 1.94 EPS for the current year.

John Marshall Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Tuesday, November 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 10th. John Marshall Bancorp’s payout ratio is 21.28%.

Hedge Funds Weigh In On John Marshall Bancorp

A number of hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp raised its holdings in shares of John Marshall Bancorp by 7.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 360,042 shares of the company’s stock worth $8,177,000 after buying an additional 23,789 shares in the last quarter. Blue Edge Capital LLC bought a new position in shares of John Marshall Bancorp in the second quarter valued at approximately $338,000. NewEdge Advisors LLC acquired a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $460,000. Bank of America Corp DE bought a new stake in John Marshall Bancorp during the 2nd quarter worth approximately $3,883,000. Finally, Man Group plc bought a new stake in John Marshall Bancorp during the 2nd quarter worth approximately $366,000. Institutional investors and hedge funds own 39.09% of the company’s stock.

About John Marshall Bancorp

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