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

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.66 and traded as high as $28.01. Bank of the James Financial Group shares last traded at $27.09, with a volume of 35,159 shares.

Wall Street Analyst Weigh In

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

Bank of the James Financial Group Stock Down 0.1%

The firm has a market cap of $123.07 million, a P/E ratio of 10.71 and a beta of 0.16. The firm has a fifty day moving average of $25.40 and a 200-day moving average of $22.66.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.71 earnings per share 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 15.81%.

Institutional Trading of Bank of the James Financial Group

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group during the second quarter worth approximately $27,000. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group during the 4th quarter valued at $266,000. Empowered Funds LLC lifted its position in Bank of the James Financial Group by 7.8% during the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 1,613 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of 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 period. Finally, Dimensional Fund Advisors LP lifted its stake in Bank of the James Financial Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 731 shares during the last quarter. 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.