Bank of the James Financial Group (NASDAQ:BOTJ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in 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 (a)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Bank of the James Financial Group Trading Up 3.9%

The stock has a market cap of $131.16 million, a price-to-earnings ratio of 10.99 and a beta of 0.19. The company has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $25.44.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. The company had revenue of $13.73 million during 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 declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Bank of the James Financial Group’s payout ratio is currently 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth about $895,000. Empowered Funds LLC acquired a new stake in shares of Bank of the James Financial Group in the second quarter worth about $630,000. BlackRock Inc. bought a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth about $618,000. Daytona Street Capital LLC boosted its stake in shares of Bank of the James Financial Group by 12.2% during the 3rd 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. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bank of the James Financial Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 731 shares during the last quarter. 18.50% of the stock is owned by institutional investors and hedge funds.

Bank of the James Financial Group Company Profile

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.