Bank of the James Financial Group (NASDAQ:BOTJ) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• BOTJ shares moved above their 200-day moving average, reaching $28.00 before last trading at $27.40, compared with the $24.16 long-term average.
• Analyst sentiment remains generally positive: Weiss Ratings upgraded the stock to “buy,” while Wall Street Zen downgraded it to “hold”; MarketBeat reports a consensus “Buy” rating.
• The company reported quarterly EPS of $0.71 on $13.73 million in revenue and declared a $0.10 quarterly dividend, equivalent to a 1.5% annual yield.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.16 and traded as high as $28.00. Bank of the James Financial Group shares last traded at $27.40, with a volume of 10,632 shares traded.

Analysts Set New Price Targets

BOTJ has been the subject of several recent research reports. Weiss Ratings upgraded Bank of the James Financial Group from a "hold (c)" rating to a "buy (b)" rating in a 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Bank of the James Financial Group Stock Down 0.5%

The firm has a market cap of $124.40 million, a PE ratio of 10.83 and a beta of 0.18. The stock has a 50 day moving average price of $27.05 and a two-hundred day moving average price of $24.16.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.71 earnings per share 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 for the quarter.

Bank of the James Financial Group Dividend Announcement

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

Hedge Funds Weigh In On Bank of the James Financial Group

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in Bank of the James Financial Group during the 2nd quarter worth about $895,000. Empowered Funds LLC acquired a new position in shares of Bank of the James Financial Group in the second quarter valued at about $630,000. BlackRock Inc. acquired a new position in shares of Bank of the James Financial Group in the second quarter valued at about $618,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bank of the James Financial Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider's stock valued at $689,000 after purchasing 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.

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