Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.66 and traded as high as $28.01. Bank of the James Financial Group shares last traded at $27.09, with a volume of 35,159 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BOTJ shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen raised Bank of the James Financial Group to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Bank of the James Financial Group Stock Up 0.6%

The company has a market capitalization of $123.72 million, a P/E ratio of 10.77 and a beta of 0.16. The firm’s 50-day moving average price is $25.48 and its 200 day moving average price is $22.69.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.40 annualized dividend and a dividend 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fourthstone LLC increased its stake in Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after buying an additional 30,126 shares during the last quarter. BlackRock Inc. bought a new position in shares of Bank of the James Financial Group during the 2nd quarter worth approximately $618,000. LPL Financial LLC purchased a new position in shares of Bank of the James Financial Group in the 4th quarter worth approximately $266,000. Raymond James Financial Inc. purchased a new position in shares of Bank of the James Financial Group in the 2nd quarter worth approximately $27,000. Finally, Empowered Funds LLC grew its holdings in shares of Bank of the James Financial Group by 7.8% in the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,613 shares in the last quarter. 18.50% of the stock is owned by hedge funds and other 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.