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

Key Points

• Bank of the James Financial Group shares moved above their 200-day moving average of $22.66, reaching $28.01 before closing at $27.09. The company has a market capitalization of approximately $123.1 million.
• Analyst sentiment remains cautious: Wall Street Zen upgraded the stock to “buy,” while Weiss Ratings reiterated “hold,” leaving the overall analyst consensus at “Hold.”
• The company declared a quarterly dividend of $0.10 per share, payable September 4 to shareholders of record August 21. The annualized dividend is $0.40, representing a 1.5% yield and a 15.81% payout ratio.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.66 and traded as high as $28.01. Bank of the James Financial Group shares last traded at $27.09, with a volume of 35,159 shares traded.

Analyst Ratings Changes

BOTJ has been the topic of a number of research analyst reports. Wall Street Zen raised Bank of the James Financial Group to a "buy" rating in a report on Saturday, June 6th. Weiss Ratings restated a "hold (c)" rating on shares of Bank of the James Financial Group in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Bank of the James Financial Group Stock Down 0.1%

The stock has a market capitalization of $123.07 million, a price-to-earnings ratio of 10.71 and a beta of 0.16. The company's 50-day simple moving average is $25.40 and its 200 day simple moving average is $22.66.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $0.71 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 14.46% and a net margin of 17.72%.

Bank of the James Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.10 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Bank of the James Financial Group's payout ratio is presently 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Bank of the James Financial Group by 2.2% during the first 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 last quarter. Fourthstone LLC increased its position in shares of Bank of the James Financial Group by 10.3% during the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider's stock worth $5,981,000 after purchasing an additional 30,126 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Bank of the James Financial Group during the fourth quarter worth approximately $266,000. Bridgeway Capital Management LLC increased its holdings in Bank of the James Financial Group by 2.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 868 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Bank of the James Financial Group in the second quarter valued at about $27,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

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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