Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• Bank of the James Financial Group shares broke above their 200-day moving average, reaching $27.76 before closing at $27.47, compared with the $25.33 average.
• Analyst sentiment remains broadly positive: Weiss Ratings upgraded the stock to “buy (a),” while Wall Street Zen downgraded it to “hold”; MarketBeat reports an overall “Strong Buy” rating.
• The company reported quarterly EPS of $0.71 on $13.73 million in revenue and maintains a quarterly dividend of $0.10, equivalent to a 1.5% 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 $25.33 and traded as high as $27.76. Bank of the James Financial Group shares last traded at $27.47, with a volume of 38,034 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings upgraded Bank of the James Financial Group from a "buy (b+)" rating to a "buy (a)" rating in a report on Friday, October 9th. Wall Street Zen downgraded 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 Strong Buy rating. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Bank of the James Financial Group Price Performance

The stock has a market cap of $124.71 million, a PE ratio of 10.86 and a beta of 0.19. The firm's 50 day moving average price is $27.19 and its two-hundred day moving average price is $25.33.

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

The firm 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 21st. Bank of the James Financial Group's payout ratio is currently 15.81%.

Institutional Investors Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Daytona Street Capital LLC lifted its position in shares of 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 acquiring an additional 9,644 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Bank of the James Financial Group in the second quarter worth $895,000. Empowered Funds LLC purchased a new position in shares of Bank of the James Financial Group in the second quarter valued at $630,000. BlackRock Inc. purchased a new position in shares of Bank of the James Financial Group in the second quarter valued at $618,000. Finally, Dimensional Fund Advisors LP grew its position 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 in the last quarter. Institutional investors own 18.50% of the company's stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc NASDAQ: BOTJ is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company operates as a community bank serving individuals, businesses and organizations in Central Virginia.

Bank of the James provides traditional banking products and services, including checking and savings accounts, certificates of deposit, commercial and residential real estate lending, consumer loans and business financing.

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