Watt Foster Jr Purchases 447 Shares of Bank of the James Financial Group (NASDAQ:BOTJ) Stock

Key Points

• Director Watt Foster Jr. purchased 447 BOTJ shares at an average price of $28.01, investing $12,520.47 and increasing his holdings to 126,360 shares.
• Bank of the James Financial Group reported quarterly EPS of $0.71, with a 14.46% return on equity and a 17.72% net margin.
• The company declared a quarterly dividend of $0.10 per share, equivalent to a $0.40 annualized payout and a 1.5% yield; analysts’ consensus rating remains “Hold.”

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) Director Watt Foster, Jr. bought 447 shares of the business's stock in a transaction on Thursday, August 6th. The stock was bought at an average price of $28.01 per share, with a total value of $12,520.47. Following the transaction, the director owned 126,360 shares in the company, valued at approximately $3,539,343.60. This represents a 0.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bank of the James Financial Group Stock Down 0.2%

Shares of Bank of the James Financial Group stock traded down $0.07 on Monday, hitting $27.18. 41,357 shares of the company traded hands, compared to its average volume of 14,350. The company has a 50-day moving average price of $25.48 and a 200 day moving average price of $22.73. Bank of the James Financial Group, Inc. has a 12-month low of $13.75 and a 12-month high of $29.79. The company has a market cap of $123.50 million, a PE ratio of 10.75 and a beta of 0.16.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.46% and a net margin of 17.72%.

Bank of the James Financial Group Dividend Announcement

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 dividend of $0.10 per share. This represents a $0.40 annualized dividend 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 currently 15.81%.

Institutional Investors Weigh In On Bank of the James Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of BOTJ. Raymond James Financial Inc. bought a new stake in Bank of the James Financial Group in the 2nd quarter valued at $27,000. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group in the 4th quarter worth approximately $266,000. Empowered Funds LLC lifted its position in shares of Bank of the James Financial Group by 7.8% in 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 during the period. Bridgeway Capital Management LLC increased its position in shares of Bank of the James Financial Group by 2.5% during 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 period. Finally, BlackRock Inc. bought a new position in shares of Bank of the James Financial Group during the 2nd quarter worth about $618,000. Institutional investors and hedge funds own 18.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on BOTJ shares. Wall Street Zen raised shares of Bank of the James Financial Group to a "buy" rating in a research report on Saturday, June 6th. Weiss Ratings restated a "hold (c)" rating on shares of Bank of the James Financial Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

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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