Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Purchases 447 Shares

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director Watt Foster, Jr. acquired 447 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $28.01 per share, for a total transaction of $12,520.47. Following the completion of the acquisition, the director directly owned 126,360 shares of the company’s stock, valued at approximately $3,539,343.60. This represents a 0.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bank of the James Financial Group Stock Performance

Shares of BOTJ stock traded down $0.07 during trading hours on Monday, hitting $27.18. The company had a trading volume of 41,357 shares, compared to its average volume of 14,350. The firm’s fifty day moving average is $25.48 and its 200 day moving average is $22.73. Bank of the James Financial Group, Inc. has a 12 month low of $13.75 and a 12 month high of $29.79. The firm has a market capitalization of $123.50 million, a price-to-earnings ratio of 10.75 and a beta of 0.16.

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 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.46% and a net margin of 17.72%.

Bank of the James Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Bank of the James Financial Group’s payout ratio is presently 15.81%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Fourthstone LLC raised its position 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 worth $5,981,000 after acquiring an additional 30,126 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Bank of the James Financial Group by 2.5% in the third 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. Dimensional Fund Advisors LP boosted its stake in shares of Bank of the James Financial Group by 2.2% during 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 during the period. BlackRock Inc. bought a new stake in Bank of the James Financial Group in the 2nd quarter valued at $618,000. Finally, Empowered Funds LLC lifted its holdings in Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,613 shares during the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BOTJ. Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Friday, July 17th. Wall Street Zen raised Bank of the James Financial Group to a “buy” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Bank of the James Financial Group currently has an average 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.