Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Acquires $12,492.00 in Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III bought 600 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $20.82 per share, with a total value of $12,492.00. Following the transaction, the director directly owned 76,673 shares in the company, valued at $1,596,331.86. This represents a 0.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bank of the James Financial Group Stock Performance

BOTJ stock opened at $20.90 on Monday. Bank of the James Financial Group, Inc. has a 52 week low of $12.75 and a 52 week high of $21.49. The firm’s 50-day moving average is $19.01 and its two-hundred day moving average is $17.04.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a net margin of 14.43% and a return on equity of 12.47%. The business had revenue of $12.86 million during the quarter.

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Bank of the James Financial Group’s dividend payout ratio (DPR) is 20.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Bank of the James Financial Group in the second quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Bank of the James Financial Group in the 3rd quarter worth $94,000. LPL Financial LLC acquired a new stake in shares of Bank of the James Financial Group during the fourth quarter worth $266,000. Empowered Funds LLC raised 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 purchasing an additional 1,613 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of 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 valued at $565,000 after purchasing an additional 868 shares during the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bank of the James Financial Group has an average rating of “Hold”.

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.