Key Points
- Director Watt Foster, Jr. purchased 447 BOTJ shares at an average price of $28.01, investing $12,520.47 and increasing his direct stake by 0.36% to 126,360 shares.
- Bank of the James Financial Group reported quarterly EPS of $0.71, with a 17.72% net margin and 14.46% return on equity. The company also declared a quarterly dividend of $0.10 per share, representing a 1.5% yield.
- BOTJ shares opened at $27.02, with a $122.67 million market capitalization and a 52-week range of $13.75 to $29.79. Analyst coverage remains mixed, producing a consensus “Hold” rating, while institutional investors own 18.5% of the stock.
Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) Director Watt Foster, Jr. purchased 447 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $28.01 per share, for a total transaction of $12,520.47. Following the completion of the acquisition, the director directly owned 126,360 shares in the company, valued at $3,539,343.60. The trade was a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bank of the James Financial Group Stock Performance
Shares of BOTJ stock opened at $27.02 on Tuesday. The firm has a market cap of $122.67 million, a price-to-earnings ratio of 10.68 and a beta of 0.16. Bank of the James Financial Group, Inc. has a 52 week low of $13.75 and a 52 week high of $29.79. The firm's 50-day simple moving average is $25.57 and its two-hundred day simple moving average is $22.79.
Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.46%.
Bank of the James Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, August 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. Bank of the James Financial Group's dividend payout ratio is presently 15.81%.
Wall Street Analyst Weigh In
BOTJ has been the topic of a number of research reports. Wall Street Zen upgraded Bank of the James Financial Group to a "buy" rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Bank of the James Financial Group currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on BOTJ
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Bank of the James Financial Group in the second quarter worth $27,000. LPL Financial LLC purchased a new stake in shares of Bank of the James Financial Group in the 4th quarter valued at about $266,000. Empowered Funds LLC boosted 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 last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Bank of the James Financial Group by 2.5% during the third 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 in the last quarter. Finally, BlackRock Inc. bought a new position in shares of Bank of the James Financial Group in the second quarter worth approximately $618,000. Institutional investors own 18.50% of the company's stock.
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.
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