Insider Buying: Bank of the James Financial Group (NASDAQ:BOTJ) Director Acquires $16,968.00 in Stock

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director William Bryant III acquired 707 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $24.00 per share, for a total transaction of $16,968.00. Following the completion of the transaction, the director owned 79,073 shares in the company, valued at $1,897,752. The trade was a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Bank of the James Financial Group Stock Performance

Shares of Bank of the James Financial Group stock opened at $25.39 on Thursday. The company has a market cap of $115.27 million, a P/E ratio of 9.69 and a beta of 0.19. Bank of the James Financial Group, Inc. has a one year low of $16.49 and a one year high of $30.84. The firm has a fifty day moving average of $26.87 and a two-hundred day moving average of $24.23.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its earnings results on Friday, October 30th. The financial services provider reported $0.73 EPS for the quarter. The company had revenue of $13.90 million during the quarter. Bank of the James Financial Group had a net margin of 18.28% and a return on equity of 14.80%.

Bank of the James Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be given a $0.15 dividend. The ex-dividend date is Friday, November 20th. This is an increase from Bank of the James Financial Group’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Bank of the James Financial Group’s payout ratio is 15.09%.

Wall Street Analyst Weigh In

BOTJ has been the topic of a number of analyst reports. Wall Street Zen lowered Bank of the James Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Investors Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BOTJ. Susquehanna International Group LLP acquired a new position in shares of Bank of the James Financial Group during the 2nd quarter worth $895,000. Empowered Funds LLC acquired a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $630,000. BlackRock Inc. acquired a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $618,000. Daytona Street Capital LLC lifted its stake in shares of Bank of the James Financial Group by 12.2% in the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock valued at $2,451,000 after purchasing an additional 9,644 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bank of the James Financial Group during the third quarter worth about $46,000. Institutional investors and hedge funds own 18.50% of the company’s stock.

Bank of the James Financial Group Company Profile

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 and organizations in Central Virginia and surrounding markets. Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.