Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Acquires 707 Shares of Company Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III purchased 707 shares of Bank of the James Financial Group stock in a transaction dated Friday, November 6th. The shares were acquired at an average cost of $24.00 per share, for a total transaction of $16,968.00. Following the transaction, the director directly owned 79,073 shares of the company’s stock, valued at approximately $1,897,752. This represents a 0.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bank of the James Financial Group Price Performance

Shares of BOTJ stock traded up $0.35 during trading on Monday, reaching $24.80. The company’s stock had a trading volume of 4,399 shares, compared to its average volume of 21,985. The company has a market capitalization of $112.64 million, a price-to-earnings ratio of 9.36 and a beta of 0.19. The stock’s 50-day moving average price is $26.97 and its 200 day moving average price is $24.12. Bank of the James Financial Group, Inc. has a 1-year low of $16.49 and a 1-year high of $30.84.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its earnings results on Friday, October 30th. The financial services provider reported $0.73 earnings per share for the quarter. The firm had revenue of $13.90 million for the quarter. Bank of the James Financial Group had a net margin of 18.28% and a return on equity of 14.80%.

Bank of the James Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. This is a positive change from Bank of the James Financial Group’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 20th. Bank of the James Financial Group’s payout ratio is presently 22.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOTJ. Mirae Asset Global Investments Co. Ltd. acquired a new position in Bank of the James Financial Group during the third quarter worth about $46,000. BlackRock Inc. purchased a new stake in Bank of the James Financial Group in the 2nd quarter worth approximately $618,000. Empowered Funds LLC purchased a new position in shares of Bank of the James Financial Group during the 2nd quarter worth about $630,000. Dimensional Fund Advisors LP boosted its position in shares of Bank of the James Financial Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after acquiring an additional 731 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Bank of the James Financial Group in the second quarter valued at approximately $895,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on BOTJ shares. Wall Street Zen cut Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings cut Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Bank of the James Financial Group

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 and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.