Bank of the James Financial Group (NASDAQ:BOTJ) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Bank of the James Financial Group (NASDAQ:BOTJ) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Bank of the James Financial Group Price Performance

BOTJ opened at $27.73 on Friday. Bank of the James Financial Group has a fifty-two week low of $13.98 and a fifty-two week high of $29.79. The firm’s fifty day moving average price is $26.02 and its two-hundred day moving average price is $23.12. The company has a market capitalization of $125.89 million, a P/E ratio of 10.96 and a beta of 0.16.

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

Bank of the James Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.40 annualized dividend and a yield of 1.4%. Bank of the James Financial Group’s payout ratio is currently 15.81%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BOTJ. BlackRock Inc. bought a new position in shares of Bank of the James Financial Group during the second quarter valued at $618,000. Dimensional Fund Advisors LP grew its holdings 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 worth $689,000 after purchasing an additional 731 shares during the last quarter. Fourthstone LLC grew its holdings in shares of Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after purchasing an additional 30,126 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group in the 4th quarter worth about $266,000. Finally, Bridgeway Capital Management LLC increased its position 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 purchasing an additional 868 shares in the last quarter. 18.50% of the stock is currently owned by institutional investors and hedge funds.

About Bank of the James Financial Group

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.