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

Bank of the James Financial Group (NASDAQ:BOTJ) announced its quarterly earnings results on Thursday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, Zacks reports. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.

Bank of the James Financial Group Trading Down 0.6%

Shares of BOTJ stock traded down $0.18 during trading on Thursday, hitting $27.61. The company’s stock had a trading volume of 12,055 shares, compared to its average volume of 12,642. The company has a market cap of $125.35 million, a PE ratio of 11.41 and a beta of 0.17. The business has a fifty day moving average of $24.88 and a 200-day moving average of $22.29. Bank of the James Financial Group has a 52 week low of $13.38 and a 52 week high of $29.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOTJ. Raymond James Financial Inc. purchased a new stake in shares of Bank of the James Financial Group during the 2nd quarter valued at $27,000. LPL Financial LLC bought a new position in Bank of the James Financial Group during the fourth quarter valued at about $266,000. Empowered Funds LLC grew its position in Bank of the James Financial Group by 7.8% during the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after buying an additional 1,613 shares during the period. Bridgeway Capital Management LLC increased 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 worth $565,000 after buying an additional 868 shares during the last quarter. Finally, Fourthstone LLC raised its position in Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after acquiring an additional 30,126 shares during the period. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Analyst Ratings Changes

BOTJ has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.