Bank of the James Financial Group (NASDAQ:BOTJ) Director Purchases $24,103.73 in Stock

Key Points

• Director William Bryant III bought 1,043 shares at an average price of $23.11 on May 6 for $24,103.73, increasing his direct stake to 77,716 shares (a 1.36% rise).
• Shares traded at $23.23 on Thursday with volume of 41,791 (vs. average 6,931); the company has a market cap of $105.54 million, a P/E of 9.6, and a 52‑week range of $13.00–$29.79.
• The firm reported quarterly EPS of $0.60 with a net margin of 17.17% and ROE of 14.37%, and announced a quarterly dividend of $0.10 (annualized $0.40, yield 1.7%, payout ratio 16.53%).

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) Director William Bryant III bought 1,043 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $23.11 per share, for a total transaction of $24,103.73. Following the transaction, the director directly owned 77,716 shares in the company, valued at $1,796,016.76. This trade represents a 1.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Bank of the James Financial Group Price Performance

Shares of Bank of the James Financial Group stock traded up $0.12 during trading on Thursday, reaching $23.23. 41,791 shares of the company traded hands, compared to its average volume of 6,931. Bank of the James Financial Group, Inc. has a 1-year low of $13.00 and a 1-year high of $29.79. The company has a 50 day moving average price of $21.37 and a 200-day moving average price of $19.26. The firm has a market capitalization of $105.54 million, a PE ratio of 9.60 and a beta of 0.18.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last released its earnings results on Wednesday, February 4th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $12.86 million for the quarter. Bank of the James Financial Group had a net margin of 17.17% and a return on equity of 14.37%.

Bank of the James Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Bank of the James Financial Group's payout ratio is presently 16.53%.

Institutional Trading of Bank of the James Financial Group

A number of institutional investors have recently modified their holdings of BOTJ. Raymond James Financial Inc. bought a new stake in shares of Bank of the James Financial Group during the 2nd quarter valued at $27,000. Atlantic Union Bankshares Corp bought a new position in Bank of the James Financial Group during the 3rd quarter valued at approximately $94,000. LPL Financial LLC bought a new position in Bank of the James Financial Group during the 4th quarter valued at approximately $266,000. Empowered Funds LLC raised its position in Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider's stock valued at $328,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Krilogy Financial LLC bought a new position in shares of Bank of the James Financial Group in the 3rd quarter worth approximately $568,000. 18.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Bank of the James Financial Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Bank of the James Financial Group Company Profile

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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