Empowered Funds LLC Boosts Stock Position in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

Empowered Funds LLC lifted its position in shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) by 5.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,642 shares of the financial services provider’s stock after buying an additional 938 shares during the quarter. Empowered Funds LLC owned approximately 0.43% of Bank of the James Financial Group worth $270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of 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 valued at $1,995,000 after acquiring an additional 47,895 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bank of the James Financial Group by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,852 shares of the financial services provider’s stock worth $302,000 after buying an additional 8,556 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Bank of the James Financial Group during the 3rd quarter valued at about $1,018,000. Institutional investors own 18.50% of the company’s stock.

Bank of the James Financial Group Stock Performance

BOTJ opened at $14.75 on Tuesday. The stock has a 50-day moving average of $13.64 and a 200 day moving average of $12.62. Bank of the James Financial Group, Inc. has a 12 month low of $9.65 and a 12 month high of $15.75. The firm has a market cap of $67.48 million, a P/E ratio of 8.02 and a beta of 0.76.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $11.33 million during the quarter. Bank of the James Financial Group had a return on equity of 13.36% and a net margin of 14.46%.

Bank of the James Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 22nd. Bank of the James Financial Group’s dividend payout ratio (DPR) is 21.74%.

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.