Daytona Street Capital LLC Buys Shares of 157,866 Bank of the James Financial Group, Inc. $BOTJ

Key Points

• Daytona Street Capital LLC bought a new stake of 157,866 shares of Bank of the James (NASDAQ:BOTJ) in Q4, valued at about $2.93 million and representing 2.0% of Daytona's holdings (its 13th-largest position).
• President Robert R. Chapman bought 1,200 shares at an average $20.89 on Feb. 20, raising his direct stake to 124,118 shares; company insiders collectively own 15.37% of the stock.
• Bank of the James reported $0.60 EPS and $12.86 million in revenue for the quarter, has a market cap of about $96.3 million and a PE of 10.59, and recently declared a $0.10 quarterly dividend ($0.40 annualized, ~1.9% yield).

Daytona Street Capital LLC bought a new stake in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 157,866 shares of the financial services provider's stock, valued at approximately $2,933,000. Bank of the James Financial Group makes up 2.0% of Daytona Street Capital LLC's holdings, making the stock its 13th biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its holdings in Bank of the James Financial Group by 2.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider's stock valued at $565,000 after buying an additional 868 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of 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 purchasing an additional 1,613 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Bank of the James Financial Group during the 2nd quarter worth $27,000. Atlantic Union Bankshares Corp purchased a new position in shares of Bank of the James Financial Group during the 3rd quarter worth $94,000. Finally, Krilogy Financial LLC purchased a new position in shares of Bank of the James Financial Group during the 3rd quarter worth $568,000. 18.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President Robert R. Chapman bought 1,200 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average cost of $20.89 per share, for a total transaction of $25,068.00. Following the acquisition, the president directly owned 124,118 shares of the company's stock, valued at $2,592,825.02. The trade was a 0.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 2,289 shares of company stock worth $47,387. Company insiders own 15.37% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Bank of the James Financial Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Bank of the James Financial Group Trading Up 0.4%

NASDAQ BOTJ opened at $21.19 on Tuesday. The stock has a market cap of $96.25 million, a PE ratio of 10.59 and a beta of 0.12. Bank of the James Financial Group, Inc. has a twelve month low of $13.00 and a twelve month high of $21.49. The stock has a fifty day simple moving average of $20.32 and a 200-day simple moving average of $18.25.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.60 earnings per share for the quarter. The business had revenue of $12.86 million during the quarter. Bank of the James Financial Group had a return on equity of 12.15% and a net margin of 14.43%.

Bank of the James Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 17th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, February 17th. Bank of the James Financial Group's dividend payout ratio (DPR) is 20.00%.

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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