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) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.22 and traded as high as $20.92. Bank of the James Financial Group shares last traded at $19.92, with a volume of 4,997 shares trading hands.

Wall Street Analyst Weigh In

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

Bank of the James Financial Group Stock Performance

The business has a 50 day moving average of $19.21 and a 200 day moving average of $17.22.

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

Bank of the James Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders 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 yield of 2.0%. Bank of the James Financial Group’s dividend payout ratio (DPR) is 20.00%.

Insider Buying and Selling at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman bought 1,200 shares of Bank of the James Financial Group stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $20.89 per share, for a total transaction of $25,068.00. Following the acquisition, the president directly owned 124,118 shares in the company, valued at approximately $2,592,825.02. This represents a 0.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 2,289 shares of company stock valued at $47,387. Insiders own 15.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC raised its position in Bank of the James Financial Group by 10.3% during the fourth 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 position in shares of Bank of the James Financial Group during the 4th quarter valued at approximately $266,000. Daytona Street Capital LLC purchased a new stake in Bank of the James Financial Group during the 4th quarter valued at $2,933,000. Bridgeway Capital Management LLC lifted its position in 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 worth $565,000 after buying an additional 868 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in Bank of the James Financial Group in the third quarter worth $568,000. Hedge funds and other 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.