Bank of the James Financial Group (NASDAQ:BOTJ) Issues Earnings Results

Bank of the James Financial Group (NASDAQ:BOTJGet Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.71 earnings per share for the quarter, Zacks reports. 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 Price Performance

Shares of BOTJ stock traded down $0.18 during midday trading on Thursday, hitting $27.61. The company had a trading volume of 12,055 shares, compared to its average volume of 12,642. The company’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $22.29. Bank of the James Financial Group has a 52-week low of $13.38 and a 52-week high of $29.79. The stock has a market cap of $125.35 million, a price-to-earnings ratio of 11.41 and a beta of 0.17.

Hedge Funds Weigh In On Bank of the James Financial Group

Large investors have recently bought and sold shares of the company. Fourthstone LLC lifted its stake in shares of Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after acquiring an additional 30,126 shares during the period. LPL Financial LLC purchased a new position in Bank of the James Financial Group during the fourth quarter worth about $266,000. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group in the second quarter valued at about $27,000. Empowered Funds LLC boosted its holdings in Bank of the James Financial Group by 7.8% in the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in 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 period. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BOTJ has been the topic of a number of recent research reports. Wall Street Zen raised shares of Bank of the James Financial Group to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on Bank of the James Financial Group

About Bank of the James Financial Group

(Get Free Report)

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.

See Also

Earnings History for Bank of the James Financial Group (NASDAQ:BOTJ)

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