Bank of the James Financial Group (NASDAQ:BOTJ) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.61 and traded as high as $17.13. Bank of the James Financial Group shares last traded at $16.52, with a volume of 3,173 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bank of the James Financial Group Stock Performance

The company’s fifty day moving average price is $15.65 and its 200 day moving average price is $14.61. The firm has a market capitalization of $75.66 million, a price-to-earnings ratio of 10.39 and a beta of 0.30.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a net margin of 11.72% and a return on equity of 10.45%.

Bank of the James Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, November 21st. Bank of the James Financial Group’s dividend payout ratio is presently 22.73%.

Insider Activity

In other news, Director William C. Bryant III purchased 2,525 shares of Bank of the James Financial Group stock in a transaction dated Monday, August 25th. The stock was bought at an average price of $15.43 per share, with a total value of $38,960.75. Following the completion of the acquisition, the director owned 75,618 shares in the company, valued at $1,166,785.74. The trade was a 3.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 3,265 shares of company stock worth $49,420 over the last three months. Insiders own 15.37% of the company’s stock.

Institutional Trading of Bank of the James Financial Group

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Bank of the James Financial Group in the 2nd quarter worth about $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Bank of the James Financial Group during the third quarter worth approximately $94,000. Empowered Funds LLC grew its holdings in Bank of the James Financial Group by 7.8% in the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after buying an additional 1,613 shares in the last quarter. Finally, Fourthstone LLC increased its position in Bank of the James Financial Group by 27.2% in the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 48,244 shares during the period. 18.50% of the stock is currently owned by institutional investors.

Bank of the James Financial Group Company Profile

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.