Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.96 and traded as high as $14.19. Bank of the James Financial Group shares last traded at $14.11, with a volume of 3,980 shares traded.

Bank of the James Financial Group Stock Performance

The business’s 50-day moving average price is $13.59 and its 200-day moving average price is $13.96. The stock has a market cap of $64.55 million, a P/E ratio of 8.06 and a beta of 0.43.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 12.48% and a net margin of 13.29%.

Bank of the James Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, March 7th. Bank of the James Financial Group’s payout ratio is 22.86%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC increased its stake in Bank of the James Financial Group by 4.9% in the 4th quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider’s stock worth $315,000 after buying an additional 956 shares in the last quarter. Pettyjohn Wood & White Inc. grew its position in shares of Bank of the James Financial Group by 2.5% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider’s stock worth $4,010,000 after purchasing an additional 6,363 shares in the last quarter. WealthTrak Capital Management LLC bought a new stake in Bank of the James Financial Group during the 4th quarter valued at approximately $34,000. RFG Bristol Wealth Advisors LLC bought a new stake in Bank of the James Financial Group during the 4th quarter valued at approximately $178,000. Finally, Fourthstone LLC lifted its holdings in Bank of the James Financial Group by 72.9% in the 4th quarter. Fourthstone LLC now owns 161,046 shares of the financial services provider’s stock worth $2,556,000 after purchasing an additional 67,927 shares in the last quarter. 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 operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.