William Bryant III Purchases 650 Shares of Bank of the James Financial Group (NASDAQ:BOTJ) Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III purchased 650 shares of Bank of the James Financial Group stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $27.10 per share, with a total value of $17,615.00. Following the completion of the acquisition, the director directly owned 78,366 shares of the company’s stock, valued at approximately $2,123,718.60. This trade represents a 0.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bank of the James Financial Group Trading Up 1.1%

Shares of NASDAQ BOTJ opened at $27.31 on Wednesday. The firm’s 50-day moving average price is $25.66 and its 200-day moving average price is $22.85. Bank of the James Financial Group, Inc. has a 1-year low of $13.75 and a 1-year high of $29.79. The firm has a market capitalization of $123.99 million, a P/E ratio of 10.79 and a beta of 0.16.

Bank of the James Financial Group (NASDAQ:BOTJ) last released 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 net margin of 17.72% and a return on equity of 14.46%.

Bank of the James Financial Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Bank of the James Financial Group during the second quarter worth $618,000. Dimensional Fund Advisors LP lifted its stake in 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 valued at $689,000 after acquiring an additional 731 shares in the last quarter. Fourthstone LLC boosted its holdings in Bank of the James Financial Group by 10.3% during 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 during the last quarter. LPL Financial LLC purchased a new position in Bank of the James Financial Group during the 4th quarter worth $266,000. Finally, Bridgeway Capital Management LLC boosted 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 acquiring an additional 868 shares during the last quarter. Institutional investors own 18.50% of the company’s stock.

Analysts Set New Price Targets

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

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.