Bank of the James Financial Group (NASDAQ:BOTJ) Issues Earnings Results

Bank of the James Financial Group (NASDAQ:BOTJ) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.60 EPS for the quarter, FiscalAI reports. 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 Stock Performance

Shares of NASDAQ:BOTJ opened at $20.76 on Friday. Bank of the James Financial Group has a 1 year low of $12.75 and a 1 year high of $21.20. The stock’s 50-day moving average is $18.40 and its 200 day moving average is $16.47.

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Bank of the James Financial Group’s dividend payout ratio is currently 22.73%.

Hedge Funds Weigh In On Bank of the James Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,613 shares during the last quarter. Fourthstone LLC increased its holdings in Bank of the James Financial Group by 27.2% during the second quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after buying an additional 48,244 shares during the last quarter. Raymond James Financial Inc. bought a new position in Bank of the James Financial Group in the 2nd quarter worth $27,000. Atlantic Union Bankshares Corp bought a new position in shares of Bank of the James Financial Group in the third quarter worth about $94,000. Finally, Krilogy Financial LLC purchased a new position in Bank of the James Financial Group during the third quarter valued at approximately $568,000. Institutional investors own 18.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus 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.