Wall Street Zen downgraded shares of Bank of the James Financial Group (NASDAQ:BOTJ – Free Report) from a buy rating to a hold rating in a research note released on Saturday.
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Bank of the James Financial Group currently has an average rating of “Hold”.
Check Out Our Latest Analysis on BOTJ
Bank of the James Financial Group Stock Performance
Bank of the James Financial Group (NASDAQ:BOTJ – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $13.73 million during the quarter. Bank of the James Financial Group had a return on equity of 14.30% and a net margin of 17.72%.
Bank of the James Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Bank of the James Financial Group’s dividend payout ratio is 15.81%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Bank of the James Financial Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after acquiring an additional 731 shares during the period. Bridgeway Capital Management LLC boosted its stake 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 acquiring an additional 868 shares in the last quarter. Empowered Funds LLC grew its position in shares of Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,613 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bank of the James Financial Group during the 2nd quarter valued at about $27,000. Finally, LPL Financial LLC purchased a new position in shares of Bank of the James Financial Group in the 4th quarter valued at about $266,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.
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.
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