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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.78 and traded as high as $26.83. Bank of the James Financial Group shares last traded at $26.70, with a volume of 25,520 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Monday, April 20th. Wall Street Zen raised Bank of the James Financial Group to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Bank of the James Financial Group currently has a consensus rating of “Hold”.

Bank of the James Financial Group Stock Down 0.6%

The stock has a market capitalization of $121.22 million, a price-to-earnings ratio of 11.03 and a beta of 0.17. The business’s 50-day moving average is $24.24 and its two-hundred day moving average is $21.78.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.61 earnings per share for the quarter. The business had revenue of $12.70 million for the quarter. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.

Bank of the James Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, May 22nd. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 16.53%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Bank of the James Financial Group by 2.2% during the first 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 period. Bridgeway Capital Management LLC increased 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. Empowered Funds LLC lifted its stake in Bank of the James Financial Group by 7.8% during the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 1,613 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bank of the James Financial Group in the 2nd quarter valued at $27,000. Finally, LPL Financial LLC purchased a new position in Bank of the James Financial Group during the 4th quarter valued at about $266,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

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.