Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

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)'s stock price 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 traded.

Bank of the James Financial Group Trading Up 0.6%

The firm has a market cap of $70.99 million, a price-to-earnings ratio of 9.75 and a beta of 0.32. The firm has a 50 day moving average price of $14.27 and a 200-day moving average price of $14.01.

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

Bank of the James Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 12th. Bank of the James Financial Group's payout ratio is 25.16%.

Insider Activity

In other news, Director William C. Bryant III purchased 2,525 shares of the business's stock in a transaction dated Monday, August 25th. The stock was acquired at an average price of $15.43 per share, with a total value of $38,960.75. Following the purchase, the director directly owned 75,618 shares of the company's stock, valued at $1,166,785.74. This represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders acquired 3,265 shares of company stock worth $49,420. Insiders own 15.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BOTJ. Raymond James Financial Inc. acquired a new position in Bank of the James Financial Group in the 2nd quarter valued at about $27,000. Empowered Funds LLC raised its stake in Bank of the James Financial Group by 7.8% in the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider's stock valued at $328,000 after purchasing an additional 1,613 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Bank of the James Financial Group by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider's stock valued at $436,000 after purchasing an additional 911 shares during the last quarter. Bridgeway Capital Management LLC raised its stake 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 valued at $514,000 after purchasing an additional 956 shares during the last quarter. Finally, Fourthstone LLC raised its stake in Bank of the James Financial Group by 27.2% in the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider's stock valued at $3,172,000 after purchasing an additional 48,244 shares during the last quarter. 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.

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