Bank of the James Financial Group (NASDAQ:BOTJ) Rating Lowered to Hold at Wall Street Zen

Bank of the James Financial Group (NASDAQ:BOTJ) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Bank of the James Financial Group Price Performance

BOTJ opened at $27.77 on Friday. The company’s 50-day moving average price is $25.95 and its 200 day moving average price is $23.05. Bank of the James Financial Group has a fifty-two week low of $13.98 and a fifty-two week high of $29.79. The firm has a market cap of $126.08 million, a price-to-earnings ratio of 10.98 and a beta of 0.16.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced 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 return on equity of 14.30% and a net margin of 17.72%.The business had revenue of $13.73 million for the quarter.

Hedge Funds Weigh In On Bank of the James Financial Group

Several hedge funds have recently modified their holdings of the company. Fourthstone LLC boosted its stake in Bank of the James Financial Group by 10.3% during the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after buying an additional 30,126 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Bank of the James Financial Group by 2.5% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bank of the James Financial Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock valued at $689,000 after purchasing an additional 731 shares during the last quarter. BlackRock Inc. bought a new stake in Bank of the James Financial Group during the second quarter worth approximately $618,000. Finally, Empowered Funds LLC grew its holdings in shares of 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 worth $328,000 after acquiring an additional 1,613 shares during the last quarter. 18.50% of the stock is currently owned by institutional investors and hedge funds.

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.