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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.60 and traded as high as $23.25. Bank of the James Financial Group shares last traded at $22.86, with a volume of 14,046 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Bank of the James Financial Group Stock Performance

The firm has a market capitalization of $103.78 million, a PE ratio of 9.45 and a beta of 0.18. The firm’s 50 day moving average price is $21.81 and its 200-day moving average price is $19.60.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.61 earnings per share for the quarter. The firm had revenue of $12.70 million during 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.10 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.7%. Bank of the James Financial Group’s payout ratio is 16.53%.

Insider Buying and Selling at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman bought 1,200 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were purchased at an average price of $20.89 per share, for a total transaction of $25,068.00. Following the transaction, the president directly owned 124,118 shares of the company’s stock, valued at approximately $2,592,825.02. This represents a 0.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 2,925 shares of company stock worth $63,564. Corporate insiders own 11.93% of the company’s stock.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of large investors have recently added to or reduced their stakes in the stock. Fourthstone LLC lifted its holdings in Bank of the James Financial Group by 10.3% during the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after purchasing an additional 30,126 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Bank of the James Financial Group during the fourth quarter worth about $2,933,000. Bridgeway Capital Management LLC raised its position in shares of Bank of the James Financial Group by 2.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 868 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Bank of the James Financial Group during the 3rd quarter worth about $568,000. Finally, Dimensional Fund Advisors LP lifted its stake 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 valued at $689,000 after buying an additional 731 shares in the last quarter. 18.50% of the stock is currently owned by institutional investors and hedge funds.

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.