Bank of the James Financial Group (NASDAQ:BOTJ) Director Watt Foster, Jr. Buys 447 Shares

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director Watt Foster, Jr. purchased 447 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $28.01 per share, with a total value of $12,520.47. Following the purchase, the director directly owned 126,360 shares of the company’s stock, valued at approximately $3,539,343.60. The trade was a 0.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bank of the James Financial Group Stock Performance

Shares of NASDAQ:BOTJ opened at $27.02 on Tuesday. 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 has a market cap of $122.67 million, a PE ratio of 10.68 and a beta of 0.16. The firm’s fifty day moving average is $25.57 and its 200-day moving average is $22.79.

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

Bank of the James Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given 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 15.81%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BOTJ. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen raised shares of Bank of the James Financial Group to a “buy” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fourthstone LLC raised its position in Bank of the James Financial Group by 10.3% in the 4th 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 during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Bank of the James Financial Group by 2.5% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. BlackRock Inc. purchased a new position in Bank of the James Financial Group during the second quarter worth about $618,000. Finally, Empowered Funds LLC grew its position in 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 purchasing an additional 1,613 shares in the last quarter. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Bank of the James Financial Group Company Profile

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.