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

Key Points

• Bank of the James Financial Group, Inc. announced a quarterly dividend of $0.10 per share, with payment scheduled for September 26th for shareholders of record on September 12th, marking a yield of 2.96%.
• As of the latest trading session, shares of BOTJ fell 0.9% to $13.53, with a market capitalization of approximately $61.97 million and a P/E ratio of 9.27.
• Insider transactions included Director William C. Bryant III acquiring 6,602 shares, increasing his ownership by nearly 10%, signaling confidence in the company's prospects.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.10 per share by the financial services provider on Friday, September 26th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 12th.

Bank of the James Financial Group Stock Performance

BOTJ traded down $0.23 during midday trading on Friday, hitting $13.38. 1,403 shares of the company traded hands, compared to its average volume of 1,739. Bank of the James Financial Group has a 52-week low of $11.56 and a 52-week high of $17.05. The business has a 50 day simple moving average of $14.01 and a two-hundred day simple moving average of $13.80.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.19 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 10.01% and a net margin of 10.91%. The company had revenue of $11.00 million for the quarter.

Insider Activity

In other Bank of the James Financial Group news, President Robert R. Chapman bought 2,828 shares of the stock in a transaction on Monday, May 5th. The shares were bought at an average price of $14.11 per share, with a total value of $39,903.08. Following the purchase, the president directly owned 122,885 shares in the company, valued at $1,733,907.35. The trade was a 2.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Bryant III bought 6,602 shares of the stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $14.49 per share, for a total transaction of $95,662.98. Following the purchase, the director owned 73,093 shares in the company, valued at approximately $1,059,117.57. This represents a 9.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 10,352 shares of company stock worth $148,617. Company insiders own 15.37% of the company's stock.

Institutional Investors Weigh In On Bank of the James Financial Group

Large investors have recently made changes to their positions in the company. Fourthstone LLC grew its stake in shares of Bank of the James Financial Group by 72.9% in the 4th quarter. Fourthstone LLC now owns 161,046 shares of the financial services provider's stock valued at $2,556,000 after buying an additional 67,927 shares in the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in shares of Bank of the James Financial Group in the 4th quarter valued at approximately $178,000. Dimensional Fund Advisors LP grew its stake in shares of Bank of the James Financial Group by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider's stock valued at $436,000 after buying an additional 911 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Bank of the James Financial Group by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 33,598 shares of the financial services provider's stock valued at $514,000 after buying an additional 956 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of 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 valued at $328,000 after buying an additional 1,613 shares in the last quarter. Institutional investors own 18.50% of the company's stock.

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.