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

Bank of the James Financial Group (NASDAQ:BOTJ) announced its quarterly earnings results 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 14.46% and a net margin of 17.72%.

Bank of the James Financial Group Stock Performance

Shares of NASDAQ BOTJ opened at $27.04 on Friday. The company has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $22.39. Bank of the James Financial Group has a fifty-two week low of $13.38 and a fifty-two week high of $29.79. The company has a market capitalization of $122.84 million, a price-to-earnings ratio of 10.69 and a beta of 0.17.

Bank of the James Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Bank of the James Financial Group’s dividend payout ratio (DPR) is 15.81%.

Hedge Funds Weigh In On Bank of the James Financial Group

Large investors have recently modified their holdings of the stock. Fourthstone LLC lifted its position in shares of Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after buying an additional 30,126 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Bank of the James Financial Group during the 4th quarter worth approximately $266,000. Raymond James Financial Inc. purchased a new position in shares of Bank of the James Financial Group in the second quarter valued at $27,000. Empowered Funds LLC increased its position in Bank of the James Financial Group by 7.8% in the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in 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 valued at $565,000 after purchasing an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BOTJ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Bank of the James Financial Group to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bank of the James Financial Group presently has a consensus rating of “Hold”.

About Bank of the James Financial Group

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.