Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Acquires 650 Shares of Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III purchased 650 shares of Bank of the James Financial Group stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $27.10 per share, with a total value of $17,615.00. Following the transaction, the director owned 78,366 shares in the company, valued at approximately $2,123,718.60. The trade was a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bank of the James Financial Group Price Performance

Bank of the James Financial Group stock traded down $0.10 during midday trading on Monday, reaching $27.15. The company had a trading volume of 37,110 shares, compared to its average volume of 14,327. 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 capitalization of $123.34 million, a P/E ratio of 10.78 and a beta of 0.16. The firm’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $22.73.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Bank of the James Financial Group’s dividend payout ratio is currently 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC grew its holdings in shares of Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after purchasing an additional 30,126 shares during the period. LPL Financial LLC purchased a new position in Bank of the James Financial Group during the fourth quarter worth about $266,000. Bridgeway Capital Management LLC boosted its holdings in Bank of the James Financial Group by 2.5% in the 3rd 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 last quarter. Raymond James Financial Inc. acquired a new position in Bank of the James Financial Group in the 2nd quarter valued at about $27,000. Finally, Empowered Funds LLC grew its stake 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 valued at $328,000 after buying an additional 1,613 shares during the period. Institutional investors and hedge funds own 18.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BOTJ. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Bank of the James Financial Group to a “buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bank of the James Financial Group Company Profile

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.