Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $23.95 and traded as low as $23.20. Bank of the James Financial Group shares last traded at $23.67, with a volume of 72,645 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Bank of the James Financial Group from a “buy (b+)” rating to a “buy (a)” rating in a research note on Friday, October 9th. Wall Street Zen lowered Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Bank of the James Financial Group currently has an average rating of “Strong Buy”.

Bank of the James Financial Group Stock Performance

The firm has a market capitalization of $107.46 million, a price-to-earnings ratio of 9.36 and a beta of 0.19. The stock’s fifty day moving average is $27.32 and its two-hundred day moving average is $23.95.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%. The firm had revenue of $13.73 million for the quarter.

Institutional Trading of Bank of the James Financial Group

Several institutional investors have recently added to or reduced their stakes in BOTJ. Susquehanna International Group LLP bought a new position in Bank of the James Financial Group during the 2nd quarter valued at $895,000. Empowered Funds LLC bought a new stake in shares of Bank of the James Financial Group in the 2nd quarter worth about $630,000. BlackRock Inc. bought a new stake in shares of Bank of the James Financial Group in the 2nd quarter worth about $618,000. Daytona Street Capital LLC raised its stake in shares of Bank of the James Financial Group by 12.2% in the 3rd quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock valued at $2,451,000 after purchasing an additional 9,644 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Bank of the James Financial Group in the 3rd quarter valued at about $46,000. 18.50% of the stock is owned by institutional investors and hedge funds.

Bank of the James Financial Group Company Profile

Bank of the James Financial Group, Inc is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.