Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.22 and traded as high as $20.92. Bank of the James Financial Group shares last traded at $19.92, with a volume of 4,997 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Bank of the James Financial Group Stock Performance

The business’s 50-day moving average price is $19.21 and its 200-day moving average price is $17.22.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its earnings results on Wednesday, February 4th. The financial services provider reported $0.60 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 12.47% and a net margin of 14.43%.The company had revenue of $12.86 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. Bank of the James Financial Group’s payout ratio is 20.00%.

Insider Buying and Selling

In other news, President Robert R. Chapman bought 1,200 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $20.89 per share, for a total transaction of $25,068.00. Following the purchase, the president owned 124,118 shares in the company, valued at approximately $2,592,825.02. The trade was a 0.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 2,289 shares of company stock worth $47,387. 15.37% of the stock is currently owned by company insiders.

Institutional Trading of Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fourthstone LLC raised its position in shares of Bank of the James Financial Group by 10.3% during the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after purchasing an additional 30,126 shares during the period. Daytona Street Capital LLC purchased a new stake in Bank of the James Financial Group in the 4th quarter worth $2,933,000. Bridgeway Capital Management LLC raised its holdings in Bank of the James Financial Group by 2.5% during the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 868 shares during the period. Krilogy Financial LLC purchased a new position in shares of Bank of the James Financial Group in the third quarter valued at about $568,000. Finally, Empowered Funds LLC boosted its stake in shares of Bank of the James Financial Group by 7.8% in the first 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 during the period. 18.50% of the stock is owned by hedge funds and other institutional investors.

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.