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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.17 and traded as high as $26.60. Bank of the James Financial Group shares last traded at $25.9280, with a volume of 50,695 shares traded.

Analysts Set New Price Targets

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

Bank of the James Financial Group Stock Up 1.6%

The stock has a market cap of $117.71 million, a price-to-earnings ratio of 10.71 and a beta of 0.17. The stock has a 50 day simple moving average of $23.60 and a 200 day simple moving average of $21.17.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings data on Thursday, April 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 17.17% and a return on equity of 14.13%. The firm had revenue of $12.70 million for the quarter.

Bank of the James Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Bank of the James Financial Group’s payout ratio is presently 16.53%.

Hedge Funds Weigh In On Bank of the James Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC bought a new position in shares of Bank of the James Financial Group during the fourth quarter valued at about $2,933,000. Fourthstone LLC grew its stake in shares of 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 worth $5,981,000 after purchasing an additional 30,126 shares during the last quarter. LPL Financial LLC purchased a new position in Bank of the James Financial Group during the 4th quarter valued at about $266,000. Raymond James Financial Inc. bought a new position in Bank of the James Financial Group during the 2nd quarter valued at approximately $27,000. Finally, Empowered Funds LLC lifted its holdings in Bank of the James Financial Group by 7.8% in the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after buying an additional 1,613 shares during the period. 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 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.