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

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $24.12 and traded as high as $24.50. Bank of the James Financial Group shares last traded at $24.44, with a volume of 35,187 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on BOTJ shares. Wall Street Zen cut shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings cut Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Bank of the James Financial Group currently has an average rating of “Buy”.

Bank of the James Financial Group Price Performance

The stock has a market cap of $110.96 million, a price-to-earnings ratio of 9.22 and a beta of 0.19. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $24.12.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings results on Friday, October 30th. The financial services provider reported $0.73 earnings per share for the quarter. The company had revenue of $13.90 million for the quarter. Bank of the James Financial Group had a return on equity of 14.80% and a net margin of 18.28%.

Bank of the James Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 20th. This is a positive change from Bank of the James Financial Group’s previous quarterly dividend of $0.10. Bank of the James Financial Group’s payout ratio is currently 15.09%.

Institutional Trading of Bank of the James Financial Group

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after acquiring an additional 731 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Bank of the James Financial Group during the 3rd quarter valued at about $46,000. Daytona Street Capital LLC lifted its holdings in Bank of the James Financial Group by 12.2% in the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 9,644 shares during the last quarter. BlackRock Inc. acquired a new position in Bank of the James Financial Group in the second quarter valued at approximately $618,000. Finally, Empowered Funds LLC acquired a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth approximately $630,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.

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.