Bank of the James Financial Group (NASDAQ:BOTJ) Stock Passes Above 200-Day Moving Average – Here’s Why

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.47 and traded as high as $25.50. Bank of the James Financial Group shares last traded at $25.40, with a volume of 16,224 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Bank of the James Financial Group to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Bank of the James Financial Group Trading Up 0.4%

The firm’s fifty day simple moving average is $23.92 and its two-hundred day simple moving average is $21.50. The company has a market capitalization of $115.82 million, a price-to-earnings ratio of 10.54 and a beta of 0.17.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $12.70 million during the quarter. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.40 annualized dividend and a yield of 1.6%. Bank of the James Financial Group’s dividend payout ratio (DPR) is 16.53%.

Institutional Investors Weigh In On Bank of the James Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Bank of the James Financial Group during the 2nd quarter worth $27,000. LPL Financial LLC acquired a new stake in shares of Bank of the James Financial Group during the 4th quarter worth about $266,000. Empowered Funds LLC raised its holdings in 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 valued at $328,000 after buying an additional 1,613 shares during the period. Dimensional Fund Advisors LP raised its holdings in 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 valued at $689,000 after buying an additional 731 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in Bank of the James Financial Group by 2.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after buying an additional 868 shares during the period. Hedge funds and other institutional investors own 18.50% of the company’s stock.

About Bank of the James Financial Group

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.