Bank of the James Financial Group (NASDAQ:BOTJ) Shares Cross Above 200 Day Moving Average – Should You Sell?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.48 and traded as high as $27.10. Bank of the James Financial Group shares last traded at $26.72, with a volume of 23,984 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BOTJ shares. Weiss Ratings upgraded Bank of the James Financial Group from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Wall Street Zen downgraded Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bank of the James Financial Group presently has an average rating of “Buy”.

Bank of the James Financial Group Trading Up 0.5%

The company’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $23.53. The stock has a market cap of $122.62 million, a P/E ratio of 10.67 and a beta of 0.16.

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

Bank of the James Financial Group Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOTJ. Raymond James Financial Inc. bought a new stake in shares of Bank of the James Financial Group during the second quarter worth $27,000. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group in the fourth quarter worth $266,000. Empowered Funds LLC lifted its position in shares of Bank of the James Financial Group by 7.8% in 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 in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Bank of the James Financial Group by 2.5% during the third 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 during the last quarter. Finally, BlackRock Inc. acquired a new position in Bank of the James Financial Group during the second quarter worth $618,000. 18.50% of the stock is 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.