Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.58 and traded as high as $25.22. Bank of the James Financial Group shares last traded at $24.62, with a volume of 18,096 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen raised Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Bank of the James Financial Group Price Performance

The firm has a market capitalization of $111.77 million, a price-to-earnings ratio of 10.17 and a beta of 0.18. The business has a 50 day moving average of $23.00 and a 200 day moving average of $20.58.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.The firm had revenue of $12.70 million during the quarter.

Bank of the James Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. Bank of the James Financial Group’s payout ratio is presently 16.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daytona Street Capital LLC acquired a new position in Bank of the James Financial Group in the fourth quarter valued at about $2,933,000. Fourthstone LLC grew its stake in Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after acquiring an additional 30,126 shares during the period. LPL Financial LLC acquired a new position in Bank of the James Financial Group in the fourth quarter valued at about $266,000. Bridgeway Capital Management LLC lifted its holdings in shares of Bank of the James Financial Group by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 868 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $27,000. 18.50% of the stock is owned by institutional investors and hedge funds.

Bank of the James Financial Group Company Profile

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.