Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• BOTJ shares fell below their 200-day moving average of $23.95, reaching $23.20 before closing at $23.67. The stock was reported down 18.5%, with a market capitalization of approximately $107.5 million.
• Analyst sentiment remains generally positive: Wall Street Zen downgraded the stock to “hold,” while Weiss Ratings upgraded it to “buy (a).” One analyst maintains a Strong Buy rating, giving BOTJ an overall “Strong Buy” consensus.
• Institutional ownership stands at 18.5%, with several firms—including Susquehanna, Empowered Funds and BlackRock—initiating positions, while Daytona Street Capital increased its holdings by 12.2%.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $23.95 and traded as low as $23.20. Bank of the James Financial Group shares last traded at $23.67, with a volume of 72,645 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BOTJ shares. Wall Street Zen lowered Bank of the James Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded Bank of the James Financial Group from a "buy (b+)" rating to a "buy (a)" rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company presently has an average rating of "Strong Buy".

Bank of the James Financial Group Trading Down 18.5%

The company has a market capitalization of $107.46 million, a price-to-earnings ratio of 9.36 and a beta of 0.19. The company's 50 day simple moving average is $27.32 and its 200-day simple moving average is $23.95.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $13.73 million during the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%.

Institutional Investors Weigh In On Bank of the James Financial Group

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in Bank of the James Financial Group during the second quarter valued at approximately $895,000. Empowered Funds LLC acquired a new stake in shares of Bank of the James Financial Group in the second quarter worth $630,000. BlackRock Inc. purchased a new position in shares of Bank of the James Financial Group in the 2nd quarter valued at $618,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Bank of the James Financial Group in the 3rd quarter valued at $46,000. Finally, Daytona Street Capital LLC lifted its holdings in shares of Bank of the James Financial Group by 12.2% during the 3rd quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider's stock valued at $2,451,000 after acquiring an additional 9,644 shares in the last quarter. 18.50% of the stock is currently owned by hedge funds and other institutional investors.

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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