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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.78 and traded as high as $26.83. Bank of the James Financial Group shares last traded at $26.70, with a volume of 25,520 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BOTJ shares. Wall Street Zen raised Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Bank of the James Financial Group Stock Down 0.6%

The company has a market capitalization of $121.22 million, a P/E ratio of 11.03 and a beta of 0.17. The firm has a fifty day simple moving average of $24.24 and a 200-day simple moving average of $21.78.

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

Bank of the James Financial Group Announces Dividend

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

Institutional Investors 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 acquired a new position in Bank of the James Financial Group in the 4th quarter worth $2,933,000. Fourthstone LLC raised its stake 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 valued at $5,981,000 after purchasing an additional 30,126 shares during the period. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group in the fourth quarter valued at about $266,000. 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. Finally, 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 worth $328,000 after buying an additional 1,613 shares during the period. 18.50% of the stock is owned by institutional investors.

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.