John Marshall Bancorp initiated with an Outperform at Keefe Bruyette

Keefe Bruyette last night initiated coverage of John Marshall Bancorp (JMSB) with an Outperform rating and $22 price target offering potential total return of 18% over the next year. The firm believes John Marshall offers a “compelling risk/reward” due to earnings tailwinds that should improve its profitability in the coming years. Keefe views the company’s credit track record as “important differentiator.”