Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $24.46 and traded as high as $26.88. Bank of the James Financial Group shares last traded at $26.50, with a volume of 149,978 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BOTJ. Weiss Ratings raised Bank of the James Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. Wall Street Zen cut Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bank of the James Financial Group currently has an average rating of “Buy”.

View Our Latest Stock Report on BOTJ

Bank of the James Financial Group Trading Up 0.2%

The stock has a 50-day moving average price of $27.19 and a 200 day moving average price of $24.51. The stock has a market capitalization of $121.44 million, a price-to-earnings ratio of 10.57 and a beta of 0.18.

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 (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.30% and a net margin of 17.72%.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. Investors of record on Friday, August 21st were paid 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 dividend payout ratio (DPR) is currently 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOTJ. Susquehanna International Group LLP purchased a new stake in shares of Bank of the James Financial Group during the second quarter worth about $895,000. Dimensional Fund Advisors LP boosted its holdings in Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after buying an additional 731 shares during the last quarter. Empowered Funds LLC purchased a new stake in Bank of the James Financial Group during the 2nd quarter worth approximately $630,000. Finally, BlackRock Inc. purchased a new stake in Bank of the James Financial Group during the 2nd quarter worth approximately $618,000. 18.50% of the stock is owned by hedge funds and other institutional investors.

About Bank of the James Financial Group

(Get Free Report)

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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