Bank of the James Financial Group (NASDAQ:BOTJ) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.61 and traded as high as $17.13. Bank of the James Financial Group shares last traded at $16.52, with a volume of 3,173 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Bank of the James Financial Group Stock Performance

The firm has a fifty day moving average of $15.65 and a 200 day moving average of $14.61. The firm has a market capitalization of $75.66 million, a PE ratio of 10.39 and a beta of 0.30.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a net margin of 11.72% and a return on equity of 10.45%.

Bank of the James Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be issued a $0.10 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. Bank of the James Financial Group’s payout ratio is currently 22.73%.

Insider Buying and Selling at Bank of the James Financial Group

In other Bank of the James Financial Group news, Director William C. Bryant III bought 2,525 shares of the stock in a transaction dated Monday, August 25th. The stock was bought at an average cost of $15.43 per share, for a total transaction of $38,960.75. Following the completion of the purchase, the director directly owned 75,618 shares of the company’s stock, valued at approximately $1,166,785.74. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 3,265 shares of company stock worth $49,420 in the last three months. 15.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank of the James Financial Group

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Bank of the James Financial Group in the 2nd quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in Bank of the James Financial Group in the third quarter valued at $94,000. Empowered Funds LLC boosted its stake 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 acquiring an additional 1,613 shares during the last quarter. Finally, Fourthstone LLC grew its holdings in Bank of the James Financial Group by 27.2% during the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 48,244 shares in the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.