Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.86 and traded as high as $18.50. Bank of the James Financial Group shares last traded at $17.60, with a volume of 13,932 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bank of the James Financial Group Trading Up 1.0%

The company has a 50-day moving average of $16.08 and a 200-day moving average of $14.90. The company has a market capitalization of $81.39 million, a price-to-earnings ratio of 11.18 and a beta of 0.31.

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

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. Bank of the James Financial Group’s payout ratio is currently 22.73%.

Insiders Place Their Bets

In other news, Director William C. Bryant III acquired 2,525 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were acquired at an average cost of $15.43 per share, with a total value of $38,960.75. Following the completion of the acquisition, the director owned 75,618 shares of the company’s stock, valued at approximately $1,166,785.74. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders bought 3,286 shares of company stock worth $51,708. 15.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its stake in shares of 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 worth $565,000 after buying an additional 868 shares during the last quarter. Krilogy Financial LLC acquired a new position in Bank of the James Financial Group in the third quarter valued at approximately $568,000. Atlantic Union Bankshares Corp acquired a new position in Bank of the James Financial Group in the third quarter valued at approximately $94,000. Raymond James Financial Inc. purchased a new stake in Bank of the James Financial Group in the 2nd quarter worth approximately $27,000. Finally, Fourthstone LLC boosted its position in Bank of the James Financial Group by 27.2% in the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock worth $3,172,000 after purchasing an additional 48,244 shares in the last quarter. 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 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.