Bank of the James Financial Group (NASDAQ:BOTJ) Issues Quarterly Earnings Results

Bank of the James Financial Group (NASDAQ:BOTJ) issued its quarterly earnings data on Thursday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, Zacks reports. Bank of the James Financial Group had a net margin of 17.17% and a return on equity of 14.13%.

Bank of the James Financial Group Trading Up 1.1%

BOTJ stock opened at $27.92 on Friday. The company has a 50-day moving average price of $24.97 and a 200 day moving average price of $22.35. Bank of the James Financial Group has a 12 month low of $13.38 and a 12 month high of $29.79. The stock has a market cap of $126.77 million, a PE ratio of 11.53 and a beta of 0.17.

Bank of the James Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 21st. Bank of the James Financial Group’s dividend payout ratio is presently 16.53%.

Institutional Trading of Bank of the James Financial Group

Large investors have recently made changes to their positions in the stock. Fourthstone LLC grew its stake in Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after acquiring an additional 30,126 shares in the last quarter. LPL Financial LLC bought a new position in Bank of the James Financial Group in the fourth quarter worth approximately $266,000. Bridgeway Capital Management LLC increased its holdings in Bank of the James Financial Group by 2.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 868 shares during the period. Raymond James Financial Inc. bought a new stake in Bank of the James Financial Group during the 2nd quarter valued at $27,000. Finally, Empowered Funds LLC lifted its holdings in shares of Bank of the James Financial Group by 7.8% in the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after buying an additional 1,613 shares during the period. 18.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BOTJ shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Friday, July 17th. Wall Street Zen upgraded Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Bank of the James Financial Group has a consensus rating of “Hold”.

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.