MontVue Capital Management Inc. Purchases New Shares in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

MontVue Capital Management Inc. purchased a new stake in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,597 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in Bank of the James Financial Group by 146.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,084 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,240 shares during the period. Renaissance Technologies LLC bought a new position in Bank of the James Financial Group in the 4th quarter valued at $124,000. Dimensional Fund Advisors LP grew its stake in Bank of the James Financial Group by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,112 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 854 shares during the period. First Manhattan CO. LLC. grew its stake in Bank of the James Financial Group by 29.9% in the 1st quarter. First Manhattan CO. LLC. now owns 21,711 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 5,000 shares during the period. Finally, Captrust Financial Advisors grew its stake in Bank of the James Financial Group by 40.9% in the 2nd quarter. Captrust Financial Advisors now owns 125,963 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 36,564 shares during the period. 18.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Bank of the James Financial Group from a “c+” rating to a “b-” rating in a research note on Friday, December 29th.

Bank of the James Financial Group Stock Performance

BOTJ stock opened at $9.92 on Friday. The company has a market capitalization of $45.33 million, a price-to-earnings ratio of 5.22 and a beta of 0.73. Bank of the James Financial Group, Inc. has a fifty-two week low of $8.12 and a fifty-two week high of $12.25. The stock has a fifty day moving average of $10.88 and a 200-day moving average of $10.91.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $0.45 earnings per share for the quarter. The company had revenue of $10.52 million during the quarter. Bank of the James Financial Group had a return on equity of 16.11% and a net margin of 16.59%.

Bank of the James Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.40 annualized dividend and a dividend yield of 4.03%. Bank of the James Financial Group’s payout ratio is 21.05%.

Insider Transactions at Bank of the James Financial Group

In other news, Director William C. Bryant III purchased 3,450 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $12.00 per share, for a total transaction of $41,400.00. Following the purchase, the director now owns 64,919 shares of the company’s stock, valued at $779,028. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.22% of the stock is owned by corporate insiders.

Bank of the James Financial Group Profile

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.