Bank of the James Financial Group (NASDAQ:BOTJ) Stock Crosses Below 200-Day Moving Average of $11.13

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.13 and traded as low as $10.70. Bank of the James Financial Group shares last traded at $11.26, with a volume of 9,202 shares changing hands.

Bank of the James Financial Group Stock Performance

The company has a fifty day moving average of $10.65 and a two-hundred day moving average of $11.13. The company has a market cap of $51.46 million, a PE ratio of 5.77 and a beta of 0.76.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.48 earnings per share for the quarter. The company had revenue of $10.26 million for the quarter. Bank of the James Financial Group had a return on equity of 15.86% and a net margin of 16.45%.

Bank of the James Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, June 7th. Bank of the James Financial Group’s payout ratio is 20.51%.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Bank of the James Financial Group by 33.1% during the 1st quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock worth $1,995,000 after buying an additional 47,895 shares in the last quarter. Pettyjohn Wood & White Inc. grew its position in shares of Bank of the James Financial Group by 29.5% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 253,963 shares of the financial services provider’s stock worth $2,631,000 after buying an additional 57,856 shares in the last quarter. Empowered Funds LLC boosted its position in Bank of the James Financial Group by 7.6% during the first quarter. Empowered Funds LLC now owns 17,444 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 1,225 shares in the last quarter. BHZ Capital Management LP bought a new stake in Bank of the James Financial Group during the fourth quarter valued at about $268,000. Finally, MontVue Capital Management Inc. bought a new stake in Bank of the James Financial Group during the fourth quarter valued at about $203,000. Institutional investors own 18.50% of the company’s stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.