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

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 $24.75 and traded as high as $28.50. Bank of the James Financial Group shares last traded at $27.20, with a volume of 48,027 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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. Weiss Ratings raised shares of Bank of the James Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Bank of the James Financial Group presently has an average rating of “Buy”.

Bank of the James Financial Group Stock Performance

The company’s 50-day moving average price is $27.24 and its 200 day moving average price is $24.77. The stock has a market capitalization of $123.94 million, a PE ratio of 10.79 and a beta of 0.19.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its earnings results 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 14.30% 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 21st. Bank of the James Financial Group’s payout ratio is currently 15.81%.

Institutional Trading of Bank of the James Financial Group

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new position in Bank of the James Financial Group in the 2nd quarter worth approximately $895,000. Dimensional Fund Advisors LP boosted its holdings in shares of Bank of the James Financial Group by 2.2% in 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. Empowered Funds LLC purchased a new stake in shares of Bank of the James Financial Group during the 2nd quarter worth about $630,000. Finally, BlackRock Inc. bought a new position in shares of Bank of the James Financial Group in the 2nd quarter valued at approximately $618,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.

About Bank of the James Financial Group

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.