Bank of the James Financial Group, Inc. (NASDAQ:BOTJ – Get Free Report) Director William Bryant III bought 707 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of $24.00 per share, for a total transaction of $16,968.00. Following the completion of the acquisition, the director owned 79,073 shares in the company, valued at $1,897,752. This trade represents a 0.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bank of the James Financial Group Stock Up 3.5%
BOTJ stock opened at $25.67 on Wednesday. Bank of the James Financial Group, Inc. has a twelve month low of $16.49 and a twelve month high of $30.84. The stock has a market cap of $116.54 million, a P/E ratio of 9.35 and a beta of 0.19. The business’s 50-day moving average price is $26.90 and its 200-day moving average price is $24.19.
Bank of the James Financial Group (NASDAQ:BOTJ – Get Free Report) last released its earnings results on Friday, October 30th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $13.90 million during the quarter. Bank of the James Financial Group had a net margin of 18.28% and a return on equity of 14.80%.
Bank of the James Financial Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.15 per share. This is an increase from Bank of the James Financial Group’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 20th. Bank of the James Financial Group’s payout ratio is presently 15.09%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on BOTJ. Wall Street Zen cut shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Research Report on Bank of the James Financial Group
Institutional Investors Weigh In On Bank of the James Financial Group
Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Bank of the James Financial Group in the 3rd quarter worth $46,000. Daytona Street Capital LLC grew its position in shares of Bank of the James Financial Group by 12.2% during the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock valued at $2,451,000 after purchasing an additional 9,644 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Bank of the James Financial Group in the second quarter worth about $895,000. Empowered Funds LLC bought a new stake in shares of Bank of the James Financial Group in the second quarter worth about $630,000. Finally, BlackRock Inc. bought a new stake in shares of Bank of the James Financial Group in the second quarter worth about $618,000. 18.50% of the stock is owned by hedge funds and other institutional investors.
Bank of the James Financial Group Company Profile
Bank of the James Financial Group, Inc. is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets. Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.
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