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

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

Bank of the James Financial Group Stock Down 1.2 %

Shares of Bank of the James Financial Group stock opened at $13.24 on Friday. Bank of the James Financial Group has a 52 week low of $9.50 and a 52 week high of $15.75. The business has a 50 day moving average price of $13.48 and a 200-day moving average price of $12.04. The company has a market cap of $60.57 million, a PE ratio of 6.79 and a beta of 0.75.

Bank of the James Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, November 22nd. Bank of the James Financial Group’s dividend payout ratio is currently 20.51%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BOTJ. Vanguard Group Inc. grew its holdings in shares of Bank of the James Financial Group by 33.1% in the first quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock valued at $1,995,000 after acquiring an additional 47,895 shares in the last quarter. Empowered Funds LLC grew its stake in Bank of the James Financial Group by 7.6% in the 1st 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 during the period. Inspire Investing LLC purchased a new stake in shares of Bank of the James Financial Group during the 3rd quarter valued at $1,018,000. Dimensional Fund Advisors LP raised its stake in shares of 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 period. Finally, Pettyjohn Wood & White Inc. raised its position in Bank of the James Financial Group by 29.5% in the first quarter. Pettyjohn Wood & White Inc. now owns 253,963 shares of the financial services provider’s stock worth $2,631,000 after acquiring an additional 57,856 shares during the period. 18.50% of the stock is owned by institutional investors.

Bank of the James Financial Group Company 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.