John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 52,000 shares, a drop of 5.1% from the December 15th total of 54,800 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is currently 2.6 days.
Insider Activity
In other news, Director Lim Nguonly sold 6,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.00, for a total transaction of $144,000.00. Following the sale, the director now owns 66,765 shares in the company, valued at approximately $1,602,360. This trade represents a 8.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.73% of the company’s stock.
Institutional Investors Weigh In On John Marshall Bancorp
Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of John Marshall Bancorp by 19.5% during the second quarter. Bank of New York Mellon Corp now owns 39,265 shares of the company’s stock valued at $685,000 after acquiring an additional 6,411 shares during the last quarter. State Street Corp increased its holdings in John Marshall Bancorp by 1.5% during the 3rd quarter. State Street Corp now owns 199,299 shares of the company’s stock valued at $3,942,000 after purchasing an additional 2,903 shares during the period. Barclays PLC raised its position in John Marshall Bancorp by 272.5% during the 3rd quarter. Barclays PLC now owns 16,436 shares of the company’s stock valued at $325,000 after purchasing an additional 12,024 shares during the last quarter. Geode Capital Management LLC raised its position in John Marshall Bancorp by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 285,732 shares of the company’s stock valued at $5,653,000 after purchasing an additional 2,215 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in John Marshall Bancorp by 156.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,769 shares of the company’s stock worth $391,000 after buying an additional 12,064 shares during the period. Hedge funds and other institutional investors own 39.09% of the company’s stock.
John Marshall Bancorp Trading Down 0.2 %
About John Marshall Bancorp
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 residential and commercial construction and development loans, commercial term, mortgage, commercial real estate, industrial loans, and 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.
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