Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Bank of the James Financial Group shares rose above their 200-day moving average, reaching $28.50 before last trading at $27.20, compared with a 200-day average of $24.75.
• Analyst sentiment remains positive overall, with the stock holding an average “Buy” rating; however, Wall Street Zen downgraded it to “Hold,” while Weiss Ratings upgraded its rating.
• The company reported quarterly earnings of $0.71 per share 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)'s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $24.75 and traded as high as $28.50. Bank of the James Financial Group shares last traded at $27.20, with a volume of 48,027 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. 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. Weiss Ratings raised Bank of the James Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Bank of the James Financial Group Stock Up 1.4%

The stock has a 50-day moving average of $27.23 and a 200 day moving average of $24.75. The stock has a market cap of $123.49 million, a PE ratio of 10.75 and a beta of 0.19.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last issued its quarterly 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 declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued 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 payout ratio is presently 15.81%.

Institutional Investors Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 731 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Bank of the James Financial Group during the 2nd quarter valued at about $618,000. Empowered Funds LLC acquired a new stake in shares of Bank of the James Financial Group during the 2nd quarter valued at about $630,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Bank of the James Financial Group in the 2nd quarter valued at about $895,000. Institutional investors and hedge funds own 18.50% of the company's stock.

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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