In a recent transaction on May 1, 2024, Jonathan Craig Kinney, a director at John Marshall Bancorp, Inc. (NASDAQ:JMSB), purchased additional shares in the bank holding company. The acquisition involved 260 shares of common stock at a price of $16.50 each, amounting to a total investment of $4290.
This purchase increases Kinney's indirect holdings in John Marshall Bancorp, with the shares owned by Tranz Dominion, LLC, an entity affiliated with Kinney, as noted in the footnotes of the filing. Following the transaction, Kinney's indirect ownership via Tranz Dominion, LLC stands at 108,398 shares of common stock.
The recent filing also reveals Kinney's broader investment in John Marshall Bancorp through various entities. This includes 174,617 direct shares, with an additional footnote mentioning 2,599 shares relating to unvested restricted stock awards. Moreover, the report lists indirect ownership of 275,026 and 45,332 shares through KF Associates and Denali LC, respectively, both affiliated with Kinney. Additionally, 5,624 shares are owned indirectly by Kinney's spouse.
These holdings reflect Kinney's significant stake in the company and his continued investment in its growth. The detailed report was signed by Michael A. Bell, Attorney-in-Fact, and filed with the SEC on May 3, 2024.
InvestingPro Insights
As John Marshall Bancorp, Inc. (NASDAQ:JMSB) sees insider activity with Jonathan Craig Kinney's recent purchase, a closer look through InvestingPro's lens provides additional context on the company's financial health and market performance. With a market capitalization of $242.67 million, the bank holding company's valuation reflects its position in the financial sector.
InvestingPro data indicates that John Marshall Bancorp is trading at a high earnings multiple, with a P/E ratio of approximately 79.8 for the last twelve months as of Q1 2024. This suggests that investors are paying a premium for the company's earnings compared to the broader market. Additionally, the company's dividend yield stands at 1.46%, a notable factor for income-focused investors, especially considering that JMSB has raised its dividend for three consecutive years, which is one of the InvestingPro Tips highlighting the company's commitment to returning value to shareholders.
However, the company's revenue growth presents a concern, showing a decline of 47.67% over the last twelve months as of Q1 2024. This could be a point of consideration for investors evaluating the company's growth trajectory. Despite this, another InvestingPro Tip notes that JMSB has been profitable over the last twelve months, which may provide some reassurance regarding the company's financial stability.
For those interested in a deeper dive into John Marshall Bancorp's financials and market performance, additional InvestingPro Tips are available at https://www.investing.com/pro/JMSB. To access the full range of insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 4 InvestingPro Tips listed for JMSB, subscribers can gain a comprehensive understanding of the company's investment potential.
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