Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.01 and traded as high as $15.67. Bank of the James Financial Group shares last traded at $15.50, with a volume of 4,307 shares trading hands.

Bank of the James Financial Group Stock Performance

The company has a market cap of $70.99 million, a PE ratio of 9.75 and a beta of 0.32. The firm has a fifty day simple moving average of $14.27 and a 200 day simple moving average of $14.01.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its earnings results on Monday, August 4th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 10.45% and a net margin of 11.72%.The business had revenue of $12.32 million during the quarter.

Bank of the James Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.6%. Bank of the James Financial Group’s payout ratio is presently 25.16%.

Insider Activity

In other news, Director William C. Bryant III bought 2,525 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was acquired at an average price of $15.43 per share, for a total transaction of $38,960.75. Following the acquisition, the director owned 75,618 shares of the company’s stock, valued at $1,166,785.74. This trade represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 3,265 shares of company stock worth $49,420. 15.37% of the stock is currently owned by insiders.

Institutional Trading of Bank of the James Financial Group

A number of institutional investors have recently modified their holdings of BOTJ. Fourthstone LLC grew its holdings in shares of Bank of the James Financial Group by 27.2% during the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock worth $3,172,000 after purchasing an additional 48,244 shares during the period. Raymond James Financial Inc. acquired a new position in Bank of the James Financial Group during the 2nd quarter worth approximately $27,000. Empowered Funds LLC lifted its position 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 worth $328,000 after acquiring an additional 1,613 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Bank of the James Financial Group by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 33,598 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 956 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Bank of the James Financial Group by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 911 shares in 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 operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.