Bank of the James Financial Group (NASDAQ:BOTJ) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.74 and traded as high as $16.77. Bank of the James Financial Group shares last traded at $16.77, with a volume of 359 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of the James Financial Group presently has an average rating of “Hold”.

Bank of the James Financial Group Stock Performance

The business has a fifty day moving average of $15.82 and a 200-day moving average of $14.74. The company has a market capitalization of $76.81 million, a P/E ratio of 10.55 and a beta of 0.31.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.61 earnings per share for the quarter. Bank of the James Financial Group had a net margin of 11.72% and a return on equity of 10.45%.

Bank of the James Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 21st. Bank of the James Financial Group’s dividend payout ratio is currently 22.73%.

Insider Transactions at Bank of the James Financial Group

In related news, Director William C. Bryant III purchased 2,525 shares of the business’s stock in a transaction on Monday, August 25th. The stock was acquired at an average price of $15.43 per share, for a total transaction of $38,960.75. Following the purchase, the director owned 75,618 shares of the company’s stock, valued at approximately $1,166,785.74. This trade represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 15.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BOTJ. Empowered Funds LLC boosted its position in shares of 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 buying an additional 1,613 shares during the last quarter. Fourthstone LLC lifted its stake in Bank of the James Financial Group by 27.2% during the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 48,244 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Bank of the James Financial Group during the 2nd quarter worth $27,000. Atlantic Union Bankshares Corp purchased a new position in Bank of the James Financial Group during the 3rd quarter worth $94,000. Finally, Krilogy Financial LLC bought a new stake in shares of Bank of the James Financial Group in the 3rd quarter worth $568,000. 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 operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.