Geode Capital Management LLC Decreases Stock Position in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

Geode Capital Management LLC decreased its position in shares of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,400 shares of the financial services provider’s stock after selling 2,838 shares during the period. Geode Capital Management LLC owned about 0.84% of Bank of the James Financial Group worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Bank of the James Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 938 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $302,000 after purchasing an additional 8,556 shares in the last quarter. Fourthstone LLC raised its stake in shares of Bank of the James Financial Group by 27.7% in the 3rd quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 20,191 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Bank of the James Financial Group during the third quarter worth about $1,018,000. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Bank of the James Financial Group Stock Down 7.5 %

Shares of NASDAQ BOTJ opened at $12.50 on Friday. The stock’s 50 day moving average price is $14.88 and its two-hundred day moving average price is $13.66. Bank of the James Financial Group, Inc. has a 52-week low of $9.65 and a 52-week high of $17.05. The stock has a market capitalization of $57.19 million, a P/E ratio of 6.79 and a beta of 0.79.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $11.33 million for 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, November 22nd. Bank of the James Financial Group’s payout ratio 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.