Bank of the James Financial Group (NASDAQ:BOTJ) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.60 and traded as high as $23.25. Bank of the James Financial Group shares last traded at $22.86, with a volume of 14,046 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Bank of the James Financial Group Stock Performance

The stock has a market capitalization of $103.78 million, a P/E ratio of 9.45 and a beta of 0.18. The stock has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $19.60.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.61 earnings per share for the quarter. The firm had revenue of $12.70 million for the quarter. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.

Bank of the James Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. Bank of the James Financial Group’s dividend payout ratio (DPR) is currently 16.53%.

Insider Buying and Selling at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman acquired 1,200 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $20.89 per share, for a total transaction of $25,068.00. Following the transaction, the president owned 124,118 shares in the company, valued at $2,592,825.02. This represents a 0.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders purchased 2,925 shares of company stock valued at $63,564. 11.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bank of the James Financial Group

Several hedge funds have recently made changes to their positions in BOTJ. Daytona Street Capital LLC bought a new stake in shares of Bank of the James Financial Group during the fourth quarter valued at approximately $2,933,000. Krilogy Financial LLC bought a new stake in shares of Bank of the James Financial Group during the third quarter valued at approximately $568,000. Fourthstone LLC raised its stake in Bank of the James Financial Group by 10.3% during the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after buying an additional 30,126 shares during the last quarter. LPL Financial LLC purchased a new position in Bank of the James Financial Group during the fourth quarter valued at $266,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Bank of the James Financial Group during the third quarter valued at $94,000. 18.50% of the stock is currently owned by institutional investors.

Bank of the James Financial Group Company Profile

Bank of the James Financial Group, Inc is the bank holding company for The Bank of the James, a Virginia-chartered commercial bank headquartered in Lynchburg, Virginia. Established in the early 20th century, the organization has developed a reputation for community banking with a focus on personalized service. As a NASDAQ-listed entity under the ticker BOTJ, the holding company oversees a network of full-service branches throughout Central and Southwestern Virginia.

The Bank of the James offers a comprehensive suite of consumer and commercial banking solutions.