Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Announces $0.10 Quarterly Dividend

Key Points

• Bank of the James declared a quarterly dividend of $0.10 per share with a record/ex-dividend date of May 22 and payable on June 5, implying a ~1.7% annual yield.
• The company reported quarterly EPS of $0.60 on revenue of $12.86 million; the stock trades near $22.99 with a market cap of about $104.4 million and a P/E of 11.49.
• President Robert R. Chapman bought 1,200 shares at roughly $20.89 recently, insiders own about 11.93% of shares while institutional investors hold ~18.50%.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.10 per share by the financial services provider on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Bank of the James Financial Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years.

Bank of the James Financial Group Trading Up 0.1%

NASDAQ BOTJ opened at $22.99 on Friday. Bank of the James Financial Group has a 12 month low of $13.00 and a 12 month high of $23.50. The stock has a market cap of $104.42 million, a price-to-earnings ratio of 11.49 and a beta of 0.12. The company's 50 day moving average is $21.28 and its two-hundred day moving average is $19.10.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $12.86 million during the quarter. Bank of the James Financial Group had a net margin of 14.43% and a return on equity of 12.15%.

Insider Activity at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman bought 1,200 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $20.89 per share, with a total value of $25,068.00. Following the completion of the acquisition, the president owned 124,118 shares in the company, valued at $2,592,825.02. This trade represents a 0.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 2,289 shares of company stock worth $47,387. 11.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank of the James Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourthstone LLC raised its holdings in shares of 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 buying an additional 30,126 shares during the period. Daytona Street Capital LLC purchased a new position in Bank of the James Financial Group during the 4th quarter valued at $2,933,000. Bridgeway Capital Management LLC grew its position in Bank of the James Financial Group by 2.5% in the 3rd 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 last quarter. Krilogy Financial LLC bought a new position in Bank of the James Financial Group in the 3rd quarter valued at $568,000. Finally, Empowered Funds LLC increased its stake in 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 purchasing an additional 1,613 shares during the period. 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 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.

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