Bank of the James Financial Group (NASDAQ:BOTJ) Issues Quarterly Earnings Results

Bank of the James Financial Group (NASDAQ:BOTJ) released its earnings results on Wednesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, FiscalAI reports. Bank of the James Financial Group had a net margin of 12.85% and a return on equity of 11.23%. The company had revenue of $12.86 million for the quarter.

Bank of the James Financial Group Trading Up 2.1%

Shares of BOTJ stock opened at $20.46 on Thursday. The firm’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $16.44. Bank of the James Financial Group has a 1-year low of $12.75 and a 1-year high of $20.99.

Bank of the James Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, February 17th. Bank of the James Financial Group’s dividend payout ratio is presently 22.73%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Bank of the James Financial Group

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of 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 worth $328,000 after buying an additional 1,613 shares during the last quarter. Fourthstone LLC grew its position in Bank of the James Financial Group by 27.2% during the second quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 48,244 shares during the period. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group during the second quarter worth about $27,000. Atlantic Union Bankshares Corp acquired a new stake in Bank of the James Financial Group during the third quarter worth about $94,000. Finally, Krilogy Financial LLC purchased a new position in shares of Bank of the James Financial Group in the 3rd quarter worth about $568,000. Institutional investors and hedge funds own 18.50% of the company’s stock.

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.