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JMSB

John Marshall Bancorp NasdaqCM:JMSB Stock Report

Last Price

US$24.56

Market Cap

US$343.2m

7D

-2.1%

1Y

34.2%

Updated

02 Oct, 2022

Data

Company Financials
JMSB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends0/6

JMSB Stock Overview

John Marshall Bancorp, Inc. operates as the bank holding company for John Marshall Bank that provides banking products and financial services.

John Marshall Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for John Marshall Bancorp
Historical stock prices
Current Share PriceUS$24.56
52 Week HighUS$29.50
52 Week LowUS$18.15
Beta0.80
1 Month Change-3.50%
3 Month Change10.68%
1 Year Change34.21%
3 Year Change45.33%
5 Year Change34.58%
Change since IPO170.88%

Recent News & Updates

Jul 20

John Marshall Bancorp GAAP EPS of $0.56, revenue of $17.42M

John Marshall Bancorp press release (NASDAQ:JMSB): Q2 GAAP EPS of $0.56. Revenue of $17.42M (+3.0% Y/Y).

Shareholder Returns

JMSBUS BanksUS Market
7D-2.1%-3.2%-2.5%
1Y34.2%-26.1%-23.2%

Return vs Industry: JMSB exceeded the US Banks industry which returned -26.1% over the past year.

Return vs Market: JMSB exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is JMSB's price volatile compared to industry and market?
JMSB volatility
JMSB Average Weekly Movement5.0%
Banks Industry Average Movement3.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: JMSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JMSB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005139Chris Bergstromhttps://www.johnmarshallbank.com

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 commercial, construction and development, commercial term, mortgage, commercial real estate, industrial 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.

John Marshall Bancorp Fundamentals Summary

How do John Marshall Bancorp's earnings and revenue compare to its market cap?
JMSB fundamental statistics
Market CapUS$343.17m
Earnings (TTM)US$29.73m
Revenue (TTM)US$69.07m

11.5x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JMSB income statement (TTM)
RevenueUS$69.07m
Cost of RevenueUS$0
Gross ProfitUS$69.07m
Other ExpensesUS$39.34m
EarningsUS$29.73m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.13
Gross Margin100.00%
Net Profit Margin43.04%
Debt/Equity Ratio23.9%

How did JMSB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is JMSB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JMSB?

Other financial metrics that can be useful for relative valuation.

JMSB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does JMSB's PE Ratio compare to its peers?

JMSB PE Ratio vs Peers
The above table shows the PE ratio for JMSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.7x
SMMF Summit Financial Group
7.2x3.5%US$343.9m
RCBC River City Bank
7.7xn/aUS$342.7m
FMAO Farmers & Merchants Bancorp
11.7x10.1%US$348.1m
FNBT FineMark Holdings
12.3xn/aUS$343.8m
JMSB John Marshall Bancorp
11.5xn/aUS$343.2m

Price-To-Earnings vs Peers: JMSB is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (9.7x).


Price to Earnings Ratio vs Industry

How does JMSB's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: JMSB is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the US Banks industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is JMSB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JMSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JMSB's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of JMSB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JMSB ($24.56) is trading below our estimate of fair value ($32.31)

Significantly Below Fair Value: JMSB is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is John Marshall Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.5%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as John Marshall Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has John Marshall Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JMSB has high quality earnings.

Growing Profit Margin: JMSB's current net profit margins (43%) are higher than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: JMSB's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: JMSB's earnings growth over the past year (45.1%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: JMSB earnings growth over the past year (45.1%) exceeded the Banks industry 8.4%.


Return on Equity

High ROE: JMSB's Return on Equity (14.4%) is considered low.


Discover strong past performing companies

Financial Health

How is John Marshall Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: JMSB's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if JMSB has a sufficient allowance for bad loans.

Low Risk Liabilities: 97% of JMSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: JMSB has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: JMSB's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: Insufficient data to determine if JMSB has an appropriate level of bad loans.


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Dividend

What is John Marshall Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

John Marshall Bancorp Dividend Yield vs Market
How does John Marshall Bancorp dividend yield compare to the market?
SegmentDividend Yield
Company (John Marshall Bancorp)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (John Marshall Bancorp)n/a

Notable Dividend: Unable to evaluate JMSB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JMSB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JMSB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JMSB's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JMSB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Chris Bergstrom (62 yo)

4.75yrs

Tenure

US$1,775,437

Compensation

Mr. Christopher W. Bergstrom, also known as Chris, serves as President and Director of John Marshall Bancorp, Inc and has been its Chief Executive Officer since April 2018. Mr. Bergstrom serves as the Pres...


CEO Compensation Analysis

Chris Bergstrom's Compensation vs John Marshall Bancorp Earnings
How has Chris Bergstrom's remuneration changed compared to John Marshall Bancorp's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$30m

Mar 31 2022n/an/a

US$28m

Dec 31 2021US$2mUS$650k

US$25m

Compensation vs Market: Chris's total compensation ($USD1.78M) is below average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: Insufficient data to compare Chris's compensation with company performance.


Leadership Team

Experienced Management: JMSB's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: JMSB's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JMSB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NasdaqCM:JMSB Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 Aug 22SellUS$274,000Lim NguonlyIndividual10,000US$27.40
02 Aug 22SellUS$132,500Lim NguonlyIndividual5,000US$26.50
06 Jun 22SellUS$379,500Lim NguonlyIndividual13,800US$27.53
27 May 22SellUS$138,355Carl DodsonIndividual5,000US$27.84
26 May 22SellUS$138,025Philip ChaseIndividual5,000US$27.87
24 May 22SellUS$78,315Carl DodsonIndividual2,853US$27.70
18 May 22SellUS$68,750Carl DodsonIndividual2,500US$27.50
17 May 22SellUS$52,000Lim NguonlyIndividual2,000US$26.00
13 May 22SellUS$314,570Carl DodsonIndividual12,500US$25.80
04 May 22SellUS$57,816Carl DodsonIndividual2,405US$24.09
02 May 22SellUS$46,980Carl DodsonIndividual2,000US$23.98
02 May 22SellUS$22,390Carl DodsonIndividual1,000US$22.39

Ownership Breakdown

What is the ownership structure of JMSB?
Owner TypeNumber of SharesOwnership Percentage
Private Companies92,6300.7%
Individual Insiders2,294,19016.4%
Institutions4,933,70835.3%
General Public6,652,02547.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.


Top Shareholders

Top 25 shareholders own 47.84% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.39%
T. Rowe Price Group, Inc.
1,451,459$35.6m-0.07%no data
5.26%
BlackRock, Inc.
734,973$18.1m0%no data
4.07%
The Vanguard Group, Inc.
569,008$14.0m0%no data
3.53%
Jonathan Kinney
493,580$12.1m-9.31%no data
3.09%
Toth Financial Advisory Corporation
432,188$10.6m0%1.97%
2.3%
Jean Edelman
321,493$7.9m0.97%no data
2.29%
Michael Foster
319,771$7.9m-2.89%no data
2.27%
Evermay Wealth Management, LLC
317,087$7.8m0%1.59%
1.75%
Subhash Garg
244,891$6.0m1.11%no data
1.45%
Geode Capital Management, LLC
203,252$5.0m0%no data
1.26%
Elizabeth Park Capital Advisors, Ltd.
176,071$4.3m0%1.85%
1.21%
Philip Allin
169,411$4.2m-4.96%no data
1.07%
Ronald Gordon
149,812$3.7m-5.9%no data
0.95%
William Ridenour
132,432$3.3m-21.51%no data
0.91%
Brown Advisory Incorporated
126,823$3.1m0%0.01%
0.75%
O. Mahan
104,504$2.6m-9.64%no data
0.74%
State Street Global Advisors, Inc.
103,970$2.6m0%no data
0.68%
Northern Trust Global Investments
94,473$2.3m0%no data
0.68%
Philip Chase
94,393$2.3m-18.38%no data
0.66%
Tranz Dominion, L.L.C.
92,630$2.3m0%no data
0.57%
Cresset Asset Management, LLC
80,234$2.0m0%0.02%
0.55%
Carl Dodson
77,500$1.9m-47.74%no data
0.51%
Meridian Financial Partners LLC
71,707$1.8m0%1.01%
0.47%
Lim Nguonly
65,988$1.6m-22.34%no data
0.41%
Bank of America Corporation, Asset Management Arm
57,054$1.4m0%no data

Company Information

John Marshall Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: John Marshall Bancorp, Inc.
  • Ticker: JMSB
  • Exchange: NasdaqCM
  • Founded: 2005
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$343.166m
  • Shares outstanding: 13.97m
  • Website: https://www.johnmarshallbank.com

Number of Employees


Location

  • John Marshall Bancorp, Inc.
  • 1943 Isaac Newton Square
  • Suite 100
  • Reston
  • Virginia
  • 20190
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JMSBNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDApr 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.