Bank of the James Financial Group (NASDAQ:BOTJ) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Bank of the James Financial Group shares moved above their 200-day moving average, trading as high as $26.83 and last changing hands at $26.70. This technical break comes with the stock well above its 200-day average of $21.78.
• Analyst sentiment is mixed but cautious overall: Wall Street Zen upgraded BOTJ to buy, while Weiss Ratings reiterated a hold and the consensus rating remains Hold.
• The company reported Q1 earnings of $0.61 per share on $12.70 million in revenue and recently paid a $0.10 quarterly dividend, equal to a 1.5% annualized yield. Institutional ownership stands at 18.5%, with several funds modestly increasing their stakes.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.78 and traded as high as $26.83. Bank of the James Financial Group shares last traded at $26.70, with a volume of 25,520 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BOTJ. Wall Street Zen raised shares of Bank of the James Financial Group to a "buy" rating in a research note on Saturday, June 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Bank of the James Financial Group in a report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Bank of the James Financial Group Stock Performance

The company's 50-day moving average is $24.24 and its 200-day moving average is $21.78. The firm has a market cap of $121.22 million, a price-to-earnings ratio of 11.03 and a beta of 0.17.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.61 earnings per share for the quarter. Bank of the James Financial Group had a net margin of 17.17% and a return on equity of 14.13%. The firm had revenue of $12.70 million during the quarter.

Bank of the James Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, May 22nd. Bank of the James Financial Group's payout ratio is 16.53%.

Institutional Investors Weigh In On Bank of the James Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Bank of the James Financial Group by 2.2% in 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 period. Bridgeway Capital Management LLC boosted its stake in Bank of the James Financial Group by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 868 shares during the last quarter. Empowered Funds LLC grew its holdings 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 worth $328,000 after acquiring an additional 1,613 shares during the period. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group during the 2nd quarter worth $27,000. Finally, LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group during the 4th quarter valued at $266,000. 18.50% of the stock is owned by institutional investors and hedge funds.

About Bank of the James Financial Group

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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