Bank of the James Financial Group (NASDAQ:BOTJ) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Bank of the James Financial Group from “Buy” to “Hold,” while Weiss Ratings maintained a “Hold (C)” rating. MarketBeat reports an average rating of “Hold.”
• BOTJ shares opened at $27.77, with a market capitalization of $126.08 million and a price range of $13.98 to $29.79 over the past year.
• The company reported quarterly EPS of $0.71 on revenue of $13.73 million, with a 17.72% net margin and 14.30% return on equity; institutional investors own 18.50% of the stock.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Bank of the James Financial Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Bank of the James Financial Group presently has an average rating of "Hold".

Bank of the James Financial Group Trading Up 0.0%

Shares of BOTJ opened at $27.77 on Friday. The company's fifty day simple moving average is $25.95 and its 200-day simple moving average is $23.02. The company has a market cap of $126.08 million, a P/E ratio of 10.98 and a beta of 0.16. Bank of the James Financial Group has a twelve month low of $13.98 and a twelve month high of $29.79.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $13.73 million during the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Bank of the James Financial Group in the 2nd quarter worth about $618,000. Dimensional Fund Advisors LP boosted its position in Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider's stock valued at $689,000 after buying an additional 731 shares during the period. Fourthstone LLC boosted its position in Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider's stock valued at $5,981,000 after buying an additional 30,126 shares during the period. LPL Financial LLC bought a new position in Bank of the James Financial Group in the 4th quarter worth about $266,000. Finally, Bridgeway Capital Management LLC grew its stake 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 worth $565,000 after acquiring an additional 868 shares in the last quarter. 18.50% of the stock is currently owned by institutional investors.

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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