Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.47 and traded as high as $25.50. Bank of the James Financial Group shares last traded at $25.40, with a volume of 16,224 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently 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 reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Bank of the James Financial Group Stock Up 0.8%

The company has a market capitalization of $115.32 million, a PE ratio of 10.50 and a beta of 0.17. The company’s 50 day moving average is $23.87 and its two-hundred day moving average is $21.47.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.61 EPS 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 business had revenue of $12.70 million for the quarter.

Bank of the James Financial Group Announces Dividend

The company also recently announced 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 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. Bank of the James Financial Group’s payout ratio is 16.53%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Bank of the James Financial Group in the 2nd quarter worth approximately $27,000. 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. Empowered Funds LLC boosted its position in shares of 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 acquiring an additional 1,613 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of 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 valued at $565,000 after purchasing an additional 868 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bank of the James Financial Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 18.50% of the company’s stock.

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.