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) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.92 and traded as high as $14.70. Bank of the James Financial Group shares last traded at $14.70, with a volume of 573 shares traded.

Bank of the James Financial Group Price Performance

The company’s 50 day simple moving average is $13.41 and its 200 day simple moving average is $13.92. The company has a market capitalization of $67.25 million, a PE ratio of 8.40 and a beta of 0.78.

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

Bank of the James Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.72%. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 22.86%.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Bank of the James Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 938 shares during the period. Fourthstone LLC boosted its stake in shares of Bank of the James Financial Group by 27.7% during the third quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider’s stock worth $1,279,000 after buying an additional 20,191 shares during the period. Pettyjohn Wood & White Inc. grew its holdings 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 buying an additional 6,363 shares during the last quarter. WealthTrak Capital Management LLC purchased a new stake in Bank of the James Financial Group during the 4th quarter valued at approximately $34,000. Finally, RFG Bristol Wealth Advisors LLC acquired a new stake in Bank of the James Financial Group during the 4th quarter worth approximately $178,000. 18.50% of the stock is currently owned by hedge funds and other institutional investors.

Bank of the James Financial Group Company Profile

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.