OTCPK:JMSB

Stock Analysis Report

John Marshall Bancorp

Executive Summary

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

Rewards

PE ratio (15x) is below the US market (18.9x)

Earnings grew by 41.2% over the past year

Risk Analysis

No risks detected for JMSB from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has John Marshall Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JMSB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.3%

JMSB

-0.7%

US Banks

1.2%

US Market


1 Year Return

4.4%

JMSB

15.6%

US Banks

24.2%

US Market

Return vs Industry: JMSB underperformed the US Banks industry which returned 21.7% over the past year.

Return vs Market: JMSB underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

JMSBIndustryMarket
7 Day-0.3%-0.7%1.2%
30 Day0.6%-1.6%3.5%
90 Day-3.0%6.8%11.7%
1 Year4.4%4.4%19.0%15.6%26.9%24.2%
3 Year-0.9%-0.9%34.9%25.4%53.0%43.2%
5 Year40.9%40.9%85.1%64.3%75.3%56.0%

Price Volatility Vs. Market

How volatile is John Marshall Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is John Marshall Bancorp undervalued compared to its fair value and its price relative to the market?

14.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JMSB ($16.7) is trading above our estimate of fair value ($12.86)

Significantly Below Fair Value: JMSB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JMSB is poor value based on its PE Ratio (15x) compared to the Banks industry average (12.8x).

PE vs Market: JMSB is good value based on its PE Ratio (15x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JMSB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JMSB is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.5%

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.


Next Steps

Past Performance

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

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JMSB has high quality earnings.

Growing Profit Margin: JMSB's current net profit margins (30.1%) are higher than last year (23.8%).


Past Earnings Growth Analysis

Earnings Trend: JMSB's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: JMSB's earnings growth over the past year (41.2%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: JMSB earnings growth over the past year (41.2%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: JMSB's Return on Equity (9.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: JMSB has a low level of unsold assets or inventory.

Debt Coverage by Assets: JMSB's debt is covered by short term assets (assets are 1.6x debt).


Financial Institutions Analysis

Asset Level: JMSB's level of assets compared to its equity is low.

Allowance for Bad Loans: JMSB has a sufficient allowance for bad loans.

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

Loan Level: JMSB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: JMSB's loans are broadly funded by customer deposits.

Level of Bad Loans: JMSB has an appropriate level of bad loans (0.11%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Dividend 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.


Next Steps

Management

What is the CEO of John Marshall Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average board tenure


CEO

Chris Bergstrom (59yo)

0yrs

Tenure

0

Mr. Christopher W. Bergstrom, also known as Chris, serves as President, Chief Executive Officer and Director of John Marshall Bancorp, Inc. Mr. Bergstrom is President and Chief Executive Officer of John Ma ...


Board Age and Tenure

3.0yrs

Average Tenure

61.5yo

Average Age

Experienced Board: JMSB's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Chris Bergstrom (59yo)

    President

    • Carl Dodson (64yo)

      Senior EVP

      • Compensation: US$228.11k
    • Bill Ridenour (67yo)

      Senior EVP & Chief Banking Officer

      • Compensation: US$249.96k
    • Kent Carstater

      Executive VP & CFO

      • Tenure: 2.7yrs
    • Jonathan Kinney (72yo)

      Chairman of the Board & Secretary

      • Tenure: 0.7yrs
      • Compensation: US$39.75k
    • Ed Harrington

      Regional President of MD/DC

      • Paul Bice

        Regional President of Loudoun

        • Linda Fourney

          Executive VP & HR Director

          • Tenure: 5.9yrs
        • James Estep

          Senior VP & Regional Executive of Fairfax

          • Shannon Rones

            Senior Vice President & Marketing Director


            Board Members

            • Chris Bergstrom (59yo)

              President

              • Jonathan Kinney (72yo)

                Chairman of the Board & Secretary

                • Tenure: 0.7yrs
                • Compensation: US$39.75k
              • Ron Gordon (63yo)

                Director

                • Tenure: 3yrs
                • Compensation: US$29.55k
              • Philip Chase (62yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$40.00k
              • Philip Allin (61yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$29.55k
              • Jean Edelman (60yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$26.85k
              • Michael Foster (56yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$27.10k
              • Subhash Garg (68yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$29.55k
              • O. Mahan (80yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$40.40k
              • Lim Nguonly (58yo)

                Independent Director

                • Tenure: 3yrs
                • Compensation: US$29.55k

              Company Information

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


              Key Information

              • Name: John Marshall Bancorp, Inc.
              • Ticker: JMSB
              • Exchange: OTCPK
              • Founded: 2005
              • Industry: Regional Banks
              • Sector: Banks
              • Market Cap: US$201.122m
              • Shares outstanding: 12.08m
              • 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
              JMSBOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2011

              Biography

              John Marshall Bancorp, Inc. operates as the bank holding company for John Marshall Bank that provides banking products and services. The company accepts checking, savings, and money market accounts. Its loan products include overdraft lines of credit, CD secured loans, personal term loans and lines of credit, auto loans, home equity lines of credit, residential construction loans, business lines of credit and term loans, and commercial mortgages. The company also provides debit and credit cards; insurance products; and cash management, and online and mobile banking services. As of April 22, 2019, it operated eight full-service branches in Reston, Leesburg, Arlington Alexandria, Tysons Corner, and Woodbridge, Virginia; Rockville, Maryland; and Washington, the District of Columbia, as well as a loan production office in Arlington, Virginia. John Marshall Bancorp, Inc. was founded in 2005 and is headquartered in Reston, Virginia. 


              Company Analysis and Financial Data Status

              All financial data provided by Standard & Poor's Capital IQ.
              DataLast Updated (UTC time)
              Company Analysis2020/01/21 00:32
              End of Day Share Price2020/01/17 00:00
              Earnings2019/09/30
              Annual Earnings2018/12/31


              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.