Bank of the James Financial Group (NASDAQ:BOTJ) Shares Pass Above 200-Day Moving Average – Time to Sell?

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.10 and traded as high as $18.25. Bank of the James Financial Group shares last traded at $18.10, with a volume of 2,065 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, October 8th. One research 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 Price Performance

The company has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $16.10.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.61 EPS for the quarter. Bank of the James Financial Group had a return on equity of 11.23% and a net margin of 12.85%.The company had revenue of $20.77 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $0.10 dividend. The ex-dividend date was Friday, November 21st. This represents a $0.40 annualized dividend and a yield of 2.2%. Bank of the James Financial Group’s dividend payout ratio is 22.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOTJ. Empowered Funds LLC raised its holdings in shares of Bank of the James Financial Group by 7.8% in the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after buying an additional 1,613 shares during the last quarter. Fourthstone LLC increased its position in Bank of the James Financial Group by 27.2% in the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after acquiring an additional 48,244 shares during the period. Raymond James Financial Inc. purchased a new stake in Bank of the James Financial Group during the 2nd quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in Bank of the James Financial Group during the 3rd quarter worth approximately $94,000. Finally, Krilogy Financial LLC purchased a new position in shares of Bank of the James Financial Group in the 3rd quarter valued at approximately $568,000. 18.50% of the stock is owned by hedge funds and other institutional investors.

Bank of the James Financial Group Company Profile

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.