Bank of the James Financial Group (NASDAQ:BOTJ) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• The stock price of Bank of the James Financial Group (NASDAQ:BOTJ) has recently crossed above its 200-day moving average, trading at $15.50 with a high of $15.67.
• The company reported a quarterly earnings of $0.60 per share with revenues of $12.32 million, demonstrating a return on equity of 10.45% and a net margin of 11.72%.
• Bank of the James Financial Group has declared a quarterly dividend of $0.10 per share, with an annualized dividend yield of 2.6%, payable on September 26th.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.01 and traded as high as $15.67. Bank of the James Financial Group shares last traded at $15.50, with a volume of 4,307 shares changing hands.

Bank of the James Financial Group Stock Down 3.9%

The company has a 50-day moving average price of $14.37 and a two-hundred day moving average price of $14.07. The stock has a market capitalization of $68.01 million, a P/E ratio of 9.34 and a beta of 0.32.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The financial services provider reported $0.60 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 10.45% and a net margin of 11.72%.The firm had revenue of $12.32 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. Bank of the James Financial Group's dividend payout ratio is currently 25.16%.

Insider Buying and Selling at Bank of the James Financial Group

In related news, Director William C. Bryant III purchased 2,525 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were purchased at an average cost of $15.43 per share, for a total transaction of $38,960.75. Following the completion of the transaction, the director directly owned 75,618 shares in the company, valued at approximately $1,166,785.74. This represents a 3.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought 3,265 shares of company stock worth $49,420 in the last quarter. Corporate insiders own 15.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Bank of the James Financial Group by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider's stock worth $436,000 after purchasing an additional 911 shares during the last quarter. Empowered Funds LLC increased its position in shares of Bank of the James Financial Group by 7.8% in the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider's stock worth $328,000 after purchasing an additional 1,613 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Bank of the James Financial Group in the second quarter worth approximately $27,000. Finally, Fourthstone LLC increased its position in shares of Bank of the James Financial Group by 27.2% in the second quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider's stock worth $3,172,000 after purchasing an additional 48,244 shares during the last quarter. 18.50% of the stock is currently owned by institutional investors.

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.