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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.48 and traded as high as $27.10. Bank of the James Financial Group shares last traded at $26.72, with a volume of 23,984 shares traded.

Wall Street Analysts Forecast Growth

BOTJ has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Bank of the James Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. 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. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy".

Bank of the James Financial Group Stock Down 0.3%

The company has a market cap of $121.31 million, a price-to-earnings ratio of 10.56 and a beta of 0.16. The company's fifty day moving average price is $26.37 and its two-hundred day moving average price is $23.48.

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 EPS for the quarter. The business had revenue of $13.73 million for the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%.

Bank of the James Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. Bank of the James Financial Group's payout ratio is 15.81%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group in the 2nd quarter valued at approximately $27,000. LPL Financial LLC bought a new position in shares of Bank of the James Financial Group during the 4th quarter worth approximately $266,000. Empowered Funds LLC grew its stake 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 acquiring an additional 1,613 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Bank of the James Financial Group by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 868 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Bank of the James Financial Group in the second quarter valued at approximately $618,000. 18.50% of the stock is currently owned by institutional investors.

About Bank of the James Financial Group

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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