Bank of the James Financial Group (NASDAQ:BOTJ) Shares Pass Above 200-Day Moving Average - Here's Why

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.10 and traded as high as $14.25. Bank of the James Financial Group shares last traded at $14.04, with a volume of 924 shares traded.

Bank of the James Financial Group Stock Down 1.9%

The company has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $14.09. The firm has a market cap of $64.28 million, a PE ratio of 8.02 and a beta of 0.33.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.19 EPS for the quarter. The firm had revenue of $11.00 million for the quarter. Bank of the James Financial Group had a return on equity of 12.48% and a net margin of 13.29%.

Bank of the James Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.85%. Bank of the James Financial Group's dividend payout ratio (DPR) is 27.40%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Bank of the James Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Bank of the James Financial Group by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider's stock worth $436,000 after acquiring an additional 911 shares during the last quarter. Empowered Funds LLC lifted its holdings in Bank of the James Financial Group by 4.9% in the 4th quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider's stock worth $315,000 after buying an additional 956 shares during the period. Bridgeway Capital Management LLC lifted its holdings in 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 worth $514,000 after buying an additional 956 shares during the period. WealthTrak Capital Management LLC purchased a new stake in Bank of the James Financial Group in the 4th quarter worth approximately $34,000. Finally, Pettyjohn Wood & White Inc. lifted its holdings in Bank of the James Financial Group by 2.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider's stock worth $4,010,000 after buying an additional 6,363 shares during the period. 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 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.