Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• BOTJ shares moved above their 200-day moving average, reaching $26.88 before closing around $26.50, compared with a 200-day average of $24.46.
• Analyst sentiment remains generally positive: Weiss Ratings upgraded the stock to “buy,” while Wall Street Zen downgraded it to “hold”; MarketBeat reports an overall average rating of “Buy.”
• The company reported quarterly EPS of $0.71 on $13.73 million in revenue and pays a quarterly dividend of $0.10, equivalent to a 1.5% annualized yield.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.46 and traded as high as $26.88. Bank of the James Financial Group shares last traded at $26.50, with a volume of 149,978 shares.

Analyst Upgrades and Downgrades

BOTJ has been the subject of several research reports. Weiss Ratings upgraded shares of Bank of the James Financial Group from a "hold (c)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Wall Street Zen cut shares of Bank of the James Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".

Bank of the James Financial Group Trading Down 0.7%

The stock has a market cap of $120.31 million, a price-to-earnings ratio of 10.47 and a beta of 0.18. The company has a fifty day simple moving average of $27.20 and a 200-day simple moving average of $24.46.

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

Bank of the James Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. Bank of the James Financial Group's dividend payout ratio (DPR) is currently 15.81%.

Institutional Trading of Bank of the James Financial Group

Several large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in shares of Bank of the James Financial Group in the second quarter valued at $895,000. Empowered Funds LLC acquired a new position in Bank of the James Financial Group during the second quarter valued at $630,000. BlackRock Inc. purchased a new stake in Bank of the James Financial Group in the 2nd quarter worth about $618,000. Finally, Dimensional Fund Advisors LP boosted its position in Bank of the James Financial Group by 2.2% during 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 period. 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, nonprofit organizations and other customers.

Bank of the James offers deposit products, residential and commercial real estate loans, commercial and industrial lending, consumer loans, mortgage services, online and mobile banking, cash-management solutions and other traditional banking products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.