Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Buys $12,520.47 in Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director Watt Foster, Jr. purchased 447 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $28.01 per share, for a total transaction of $12,520.47. Following the purchase, the director owned 126,360 shares in the company, valued at $3,539,343.60. The trade was a 0.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bank of the James Financial Group Trading Up 0.7%

Bank of the James Financial Group stock opened at $27.51 on Thursday. 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’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $22.92. The company has a market capitalization of $124.98 million, a P/E ratio of 10.87 and a beta of 0.16.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $13.73 million during 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Bank of the James Financial Group’s payout ratio is currently 15.81%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Bank of the James Financial Group in the 2nd quarter worth $27,000. LPL Financial LLC bought a new stake in Bank of the James Financial Group during the fourth quarter valued at about $266,000. Empowered Funds LLC boosted its holdings 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 valued at $328,000 after acquiring an additional 1,613 shares during the period. Bridgeway Capital Management LLC grew its position 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 valued at $565,000 after purchasing an additional 868 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $618,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

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.