Bank of the James Financial Group (NASDAQ:BOTJ) Posts Quarterly Earnings Results

Bank of the James Financial Group (NASDAQ:BOTJ) announced its quarterly earnings data on Friday. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, reports. Bank of the James Financial Group had a net margin of 15.14% and a return on equity of 14.59%. The business had revenue of $11.33 million for the quarter.

Bank of the James Financial Group Price Performance

Shares of Bank of the James Financial Group stock opened at $13.24 on Friday. The company’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $12.04. The firm has a market capitalization of $60.57 million, a P/E ratio of 6.79 and a beta of 0.75. Bank of the James Financial Group has a fifty-two week low of $9.50 and a fifty-two week high of $15.75.

Bank of the James Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, November 22nd. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 20.51%.

Institutional Trading of Bank of the James Financial Group

A number of hedge funds have recently made changes to their positions in BOTJ. Vanguard Group Inc. lifted its holdings in 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 during the period. Empowered Funds LLC boosted its holdings in Bank of the James Financial Group by 7.6% in the first quarter. Empowered Funds LLC now owns 17,444 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 1,225 shares during the last quarter. Inspire Investing LLC acquired a new stake in Bank of the James Financial Group during the 3rd quarter valued at approximately $1,018,000. Dimensional Fund Advisors LP raised its holdings in Bank of the James Financial Group by 46.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,852 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 8,556 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. lifted its position in shares of Bank of the James Financial Group by 29.5% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 253,963 shares of the financial services provider’s stock worth $2,631,000 after purchasing an additional 57,856 shares during the period. 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 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.