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

Bank of the James Financial Group (NASDAQ:BOTJ) released its earnings results on Friday. The financial services provider reported $0.73 EPS for the quarter, Zacks reports. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%.

Bank of the James Financial Group Price Performance

BOTJ stock traded up $0.34 during midday trading on Friday, reaching $24.00. 29,774 shares of the company were exchanged, compared to its average volume of 21,852. The business has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $23.95. The firm has a market capitalization of $108.98 million, a price-to-earnings ratio of 9.59 and a beta of 0.19. Bank of the James Financial Group has a one year low of $16.20 and a one year high of $30.84.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research report on Thursday. Wall Street Zen downgraded Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Bank of the James Financial Group has an average rating of “Buy”.

Bank of the James Financial Group Company Profile

Bank of the James Financial Group, Inc is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.