Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Passes Above 200-Day Moving Average - What's Next?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.03 and traded as high as $14.40. Bank of the James Financial Group shares last traded at $14.10, with a volume of 1,539 shares changing hands.

Bank of the James Financial Group Price Performance

The stock has a market cap of $65.27 million, a price-to-earnings ratio of 8.14 and a beta of 0.29. The firm has a fifty day moving average of $13.87 and a 200 day moving average of $14.04.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $11.00 million during 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 2.81%. Bank of the James Financial Group's dividend payout ratio (DPR) is 27.40%.

Insiders Place Their Bets

In other Bank of the James Financial Group news, President Robert R. Chapman bought 2,828 shares of the business's stock in a transaction on Monday, May 5th. The stock was bought at an average price of $14.11 per share, with a total value of $39,903.08. Following the completion of the purchase, the president now directly owns 122,885 shares in the company, valued at $1,733,907.35. The trade was a 2.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank of the James Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Bank of the James Financial Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider's stock worth $315,000 after acquiring an additional 956 shares during the last quarter. Fourthstone LLC boosted its position in shares of Bank of the James Financial Group by 72.9% during the fourth quarter. Fourthstone LLC now owns 161,046 shares of the financial services provider's stock worth $2,556,000 after buying an additional 67,927 shares during the period. RFG Bristol Wealth Advisors LLC purchased a new position in shares of Bank of the James Financial Group during the fourth quarter worth $178,000. Pettyjohn Wood & White Inc. boosted its position in shares of Bank of the James Financial Group by 2.5% during the fourth 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. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Bank of the James Financial Group during the fourth quarter worth $34,000. Institutional investors and hedge funds own 18.50% of the company's stock.

About Bank of the James Financial Group

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.