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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.74 and traded as high as $21.09. Bank of the James Financial Group shares last traded at $21.05, with a volume of 2,683 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Bank of the James Financial Group Stock Performance

The business has a 50 day simple moving average of $19.67 and a 200-day simple moving average of $17.74.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.60 EPS for the quarter. The firm had revenue of $12.86 million during the quarter. Bank of the James Financial Group had a return on equity of 12.47% and a net margin of 14.43%.

Bank of the James Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 17th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Bank of the James Financial Group’s dividend payout ratio is presently 20.00%.

Insiders Place Their Bets

In other news, President Robert R. Chapman acquired 1,200 shares of the business’s stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $20.89 per share, with a total value of $25,068.00. Following the acquisition, the president directly owned 124,118 shares of the company’s stock, valued at $2,592,825.02. The trade was a 0.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 2,289 shares of company stock worth $47,387. 15.37% of the stock is currently owned by company insiders.

Institutional Trading of Bank of the James Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Daytona Street Capital LLC bought a new position in shares of Bank of the James Financial Group during the fourth quarter valued at about $2,933,000. Fourthstone LLC grew 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 worth $3,172,000 after purchasing an additional 48,244 shares in the last quarter. Krilogy Financial LLC bought a new stake in Bank of the James Financial Group in the 3rd quarter worth about $568,000. LPL Financial LLC purchased a new stake in Bank of the James Financial Group in the 4th quarter valued at about $266,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Bank of the James Financial Group in the 3rd quarter valued at about $94,000. 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 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.