Bank of the James Financial Group (NASDAQ:BOTJ) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $23.95 and traded as low as $23.20. Bank of the James Financial Group shares last traded at $23.67, with a volume of 72,645 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings downgraded Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Bank of the James Financial Group Trading Up 0.4%

The firm’s 50-day moving average is $27.25 and its two-hundred day moving average is $23.98. The stock has a market cap of $107.94 million, a price-to-earnings ratio of 9.39 and a beta of 0.19.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings data on Friday, October 30th. The financial services provider reported $0.73 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 company had revenue of $13.90 million for the quarter.

Institutional Trading of Bank of the James Financial Group

A number of institutional investors have recently made changes to their positions in the company. Daytona Street Capital LLC raised its stake in Bank of the James Financial Group by 12.2% in the 3rd quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock valued at $2,451,000 after purchasing an additional 9,644 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Bank of the James Financial Group in the 2nd quarter valued at $895,000. Dimensional Fund Advisors LP boosted its stake in Bank of the James Financial Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 731 shares during the last quarter. Empowered Funds LLC acquired a new stake in Bank of the James Financial Group during the 2nd quarter worth $630,000. Finally, BlackRock Inc. acquired a new stake in Bank of the James Financial Group during the 2nd quarter worth $618,000. 18.50% of the stock is owned by institutional investors and hedge funds.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.