John Marshall Bancorp, Inc. (NASDAQ:JMSB) reported a recent stock purchase by director Jonathan Craig Kinney. On May 8, Kinney acquired 100 shares of common stock at a price of $17.50 per share, totaling $1,750. This transaction was disclosed in a filing with the Securities and Exchange Commission.
Kinney's purchase adds to his already substantial holdings in John Marshall Bancorp, a state commercial banking institution based in Virginia. Following the transaction, Kinney directly owns 174,717 shares of the company's common stock, which includes 2,599 shares related to unvested restricted stock awards that are issuable upon vesting.
In addition to his direct holdings, Kinney is affiliated with several entities that hold significant amounts of John Marshall Bancorp stock. KF Associates, an affiliated company, owns 275,026 shares. Other affiliated companies, Tranz Dominion, LLC, and Denali LC, hold 108,398 and 45,332 shares, respectively. Furthermore, 5,624 shares are owned indirectly by Kinney's spouse.
The recent purchase by Kinney demonstrates a continued investment in the company by one of its directors. Investors often monitor such insider transactions as they can provide insights into the confidence that company insiders have in the firm's prospects.
John Marshall Bancorp, Inc. has not issued any public comment regarding the transaction. The company's shares are traded on the NASDAQ under the ticker symbol JMSB.
InvestingPro Insights
As investors evaluate the significance of Jonathan Craig Kinney's recent stock purchase in John Marshall Bancorp, Inc. (NASDAQ:JMSB), it's worth considering the company's financial health and market performance. Here are some key metrics from InvestingPro that provide a snapshot of where the company stands:
- Market Capitalization: John Marshall Bancorp currently has a market cap of $245.79 million, reflecting its valuation in the market as of the last twelve months leading up to Q1 2024.
- P/E Ratio: The company's price-to-earnings ratio stands at 82.58, indicating how much investors are willing to pay for a dollar of earnings. This is a critical metric that suggests the company is trading at a high earnings multiple, which is also highlighted as one of the InvestingPro Tips.
- Dividend Yield: With a dividend yield of 1.44%, John Marshall Bancorp has been rewarding its shareholders and has raised its dividend for three consecutive years, another noteworthy InvestingPro Tip.
While the company has demonstrated profitability over the last twelve months, it faces challenges such as weak gross profit margins and a significant decrease in revenue growth, declining by 47.67% over the last twelve months as of Q1 2024. These factors are essential for investors to consider when assessing the company's long-term value and growth prospects.
For those looking for more in-depth analysis and additional InvestingPro Tips, you can find them at https://www.investing.com/pro/JMSB. There are a total of 4 additional tips available on InvestingPro, which could further guide investment decisions. To access these insights and more, use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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