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

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.16 and traded as high as $28.00. Bank of the James Financial Group shares last traded at $27.40, with a volume of 10,632 shares traded.

Analysts Set New Price Targets

BOTJ has been the subject of several research analyst reports. Wall Street Zen lowered shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Bank of the James Financial Group from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Bank of the James Financial Group Stock Performance

The stock has a market capitalization of $123.94 million, a P/E ratio of 10.79 and a beta of 0.18. The firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $24.20.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share for the quarter. The company had revenue of $13.73 million for the quarter. Bank of the James Financial Group had a return on equity of 14.30% and a net margin of 17.72%.

Bank of the James Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. Bank of the James Financial Group’s dividend payout ratio (DPR) is 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 731 shares during the last quarter. BlackRock Inc. bought a new position in Bank of the James Financial Group during the 2nd quarter worth approximately $618,000. Empowered Funds LLC purchased a new position in Bank of the James Financial Group in the 2nd quarter worth approximately $630,000. Finally, Susquehanna International Group LLP purchased a new position in Bank of the James Financial Group in the 2nd quarter worth approximately $895,000. 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 is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses, nonprofit organizations and other customers.

Bank of the James offers deposit products, residential and commercial real estate loans, commercial and industrial lending, consumer loans, mortgage services, online and mobile banking, cash-management solutions and other traditional banking products.