Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Purchases 707 Shares of Stock

Key Points

• Director William Bryant III bought 707 shares at $24 each, spending $16,968 and increasing his stake by 0.9% to 79,073 shares.
• Bank of the James reported quarterly EPS of $0.73 on $13.9 million in revenue, with a 14.8% return on equity and an 18.28% net margin.
• The company raised its quarterly dividend from $0.10 to $0.15 per share, equivalent to $0.60 annualized and a 2.4% yield; MarketBeat reported a consensus analyst rating of Buy.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) Director William Bryant III acquired 707 shares of the company's stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $16,968.00. Following the acquisition, the director owned 79,073 shares of the company's stock, valued at $1,897,752. The trade was a 0.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bank of the James Financial Group Trading Up 1.5%

BOTJ stock traded up $0.35 during midday trading on Monday, reaching $24.80. 4,399 shares of the company's stock traded hands, compared to its average volume of 21,985. Bank of the James Financial Group, Inc. has a 52-week low of $16.49 and a 52-week high of $30.84. The stock has a market cap of $112.64 million, a P/E ratio of 9.36 and a beta of 0.19. The stock's 50-day moving average is $26.97 and its 200 day moving average is $24.12.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last announced its earnings results on Friday, October 30th. The financial services provider reported $0.73 EPS for the quarter. Bank of the James Financial Group had a return on equity of 14.80% and a net margin of 18.28%. The company had revenue of $13.90 million for the quarter.

Bank of the James Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.4%. This is an increase from Bank of the James Financial Group's previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 20th. Bank of the James Financial Group's dividend payout ratio (DPR) is 22.64%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BOTJ shares. Weiss Ratings cut Bank of the James Financial Group from a "buy (a)" rating to a "buy (b+)" rating in a research note on Thursday, October 29th. Wall Street Zen downgraded shares of Bank of the James Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Bank of the James Financial Group has a consensus rating of "Buy".

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Daytona Street Capital LLC boosted its position in Bank of the James Financial Group by 12.2% during the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider's stock worth $2,451,000 after purchasing an additional 9,644 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Bank of the James Financial Group in the 2nd quarter valued at approximately $895,000. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider's stock worth $689,000 after acquiring an additional 731 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Bank of the James Financial Group in the 2nd quarter worth approximately $630,000. Finally, BlackRock Inc. purchased a new position in shares of Bank of the James Financial Group during the 2nd quarter worth approximately $618,000. 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 a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.

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