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 Unites States.
infoBank of the James Financial Group is a micro cap stock with a total market cap of 49.11M.
infoThey trade on the NASDAQ and had their IPO 23 years ago.
infoBank of the James Financial Group currently employs 163 people.
infoAs of Wednesday, Aug 23 2023, Bank of the James Financial Group’s share price is $10.81.
News Relating to Bank of the James Financial Group
GlobeNewsWire
Bank of the James Financial Group Announces Promotion of Michael A. Syrek to President of Bank of the James
Wednesday Oct 13 2021 at 14:18
LYNCHBURG, Va., Oct. 13, 2021 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank serving Region 2000 (the greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia markets, today announced the promotion of Michael A. Syrek to President of the Bank.
GlobeNewsWire
Bank of the James Announces Second Quarter, First Half 2021 Financial Results and Declaration of Dividend
Friday Jul 23 2021 at 12:00
Asset Quality, Commercial Banking Momentum, Active Mortgage Lending Asset Quality, Commercial Banking Momentum, Active Mortgage Lending
GlobeNewsWire
Bank of the James Announces Fourth Quarter, Full Year 2020 Financial Results and Declaration of Dividend
Friday Jan 22 2021 at 12:00
Preserving Asset Quality, Maintaining Safe Operations, Strong Residential Mortgage Activity Preserving Asset Quality, Maintaining Safe Operations, Strong Residential Mortgage Activity
Yahoo
Bank of the James Announces Second Quarter, First Half 2020 Financial Results and Declaration of Dividend
Friday Jul 24 2020 at 16:00
PPP Loan Closings, Robust Mortgage Origination, Completed Unregistered Debt OfferingLYNCHBURG, Va., July 24, 2020 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and retail bank serving Region 2000 (the greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, and Roanoke, Virginia markets, today announced unaudited results for the three months and six months ended June 30, 2020. Net income for the three months ended June 30, 2020 was $821,000 or $0.19 per diluted share, compared with $1.38 million or $0.31 per diluted share for the three months ended June 30, 2019. Net income for the six months ended June 30, 2020 was $1.82 million or $0.42 per diluted share, compared with $2.61 million or $0.60 per diluted share for the six months ended June 30, 2019.Highlights * Net income in the second quarter and first half of 2020 reflected noninterest expenses that included an additional $245,000 in compensation to employees for their work implementing the PPP. Additionally, in the second quarter the Company expensed approximately $750,000 related to an early retirement plan that was previously announced. * Loans receivable, net of the allowance for loan losses, were $623.56 million at June 30, 2020 compared with $573.27 million at December 31, 2019. The increase primarily reflects the addition of $68 million in government-guaranteed Payroll Protection Plan loans. * Commercial loans demonstrated stability and continued strong credit quality, and construction continued to be an active lending sector for the Company. * Nonperforming loans increased as of June 30, 2020, primarily reflecting one relationship of approximately $3.3 million. Management anticipates a significant curtailment of the loan balance upon the sale of the collateral. The Bank has entered into a contract for the sale of the collateral, and the sale is scheduled to close later in the third quarter. * Interest income from loans in the second quarter of 2020 was $6.7 million compared with $6.8 million in the second quarter of 2019 and increased to $13.7 million in the first half of 2020 compared with $13.5 million in the first half of 2019, primarily reflecting loan growth. * Continuing strong residential mortgage origination, which generates income from gains on loan sales to the secondary market, contributed significantly to increased total noninterest income, which was $2.8 million in the second quarter of 2020 compared with $1.7 million a year earlier. In the first half of 2020, total noninterest income was $5.0 million, up from $2.9 million a year earlier, reflecting robust residential mortgage origination and growth in fee income from corporate treasury services and other fees. * Total deposits were $746.0 million at June 30, 2020 compared with $649.5 million at December 31, 2019. The increase reflects increased core deposits (noninterest-bearing demand, NOW, savings and money market accounts) as customers maintained higher balances, attributable in part to PPP loan funds that had yet to be deployed. * Total stockholders’ equity increased to $64.5 million at June 30, 2020 compared with $61.4 million at December 31, 2019. Tangible book value per share was $14.86 at June 30, 2020 compared with $14.10 per share at December 31, 2019. * On July 21, 2020 the Company’s board of directors approved a $0.07 per share dividend payable to stockholders of record on September 4, 2020, to be paid on September 18, 2020. * Subsequent to the close of the second quarter of 2020, the Company announced on July 8, 2020 that it completed a private placement of an unregistered debt offering of $10.05 million at a 3.25% interest rate. Of that amount, $5 million was used to retire an earlier private placement carrying a higher rate. * Consistent with the previously filed Form 10-Q for the quarter ended March 31, 2020, the Company again anticipates expanded disclosure related to business sectors and credit quality in its Form 10-Q Quarterly Report covering the three and six month periods ended June 30, 2020 to be filed with the Securities and Exchange Commission.Robert R. Chapman III, President and CEO, commented: “Although COVID-19 and the subsequent economic slowdown present numerous challenges, we believe the Company delivered a positive financial performance. We focused on being responsive and pro-active in a fluid economic and health-conscious situation, and we will continue to do so.“We appreciate our team’s dedication and commitment to serving clients safely and professionally, and to keeping operations running smoothly. We implemented extensive practices to protect the health and safety of employees and customers and continued operating consistently, while recognizing that the considerable presence of COVID-19 still presents challenges.“During the second quarter, Bank of the James processed and closed approximately $68 million in Payroll Protection Plan (PPP) loans to more than 500 small businesses, affecting approximately 9000 employees and families. We believe we accomplished this process quickly and efficiently so businesses could put funding to work immediately. Recognizing the exceptional dedication of our team, we provided approximately $245,000 in financial rewards to those who worked so hard to implement the PPP program, and to our essential employees who put in extra effort to serve customers and provide operational support therefore offsetting the challenges of social distancing and working from home.“Margins, returns and interest income were impacted by expected business slowdowns and the issuance of low-interest PPP loans. Importantly, the Bank did not experience any unusual pressure on deposit balances or liquidity positions as a result of COVID-19. We believe the Company’s fundamentals are strong. We have prepared for this period by increasing capital resources, expanding reserves and provisioning for potential loan losses, building cash reserves, and more.“Our second quarter financial performance was encouraging, and we were able to build shareholder value and pay a dividend to shareholders. We believe the Company is positioned to meet the financial challenges and uncertainty ahead.”Second Quarter, First Half of 2020 Operational ReviewTotal interest income was $7.1 million in the second quarter of 2020 compared with $7.4 million a year earlier. Interest expense was $1.2 million in the second quarter of 2020 compared with $1.2 million a year earlier. Although interest rates declined, interest expense remained constant because of a larger deposit base and increased core deposits. The rate paid on liabilities in the second quarter of 2020 was 0.76% compared with 0.93% a year earlier.Net interest income after provision for loan losses was $5.2 million for the three months ended June 30, 2020 compared with $6.0 million the previous year. The average rate earned on loans was 4.33% in the second quarter of 2020 compared with 4.97% a year earlier, and the net interest margin was 3.13% compared with 3.82%, primarily reflecting the impact of the lower-yielding PPP loans.For the six months of 2020, total interest income was $14.6 million compared with $14.6 million in the first six months of 2019. Total interest expense was $2.5 million in the first half of 2020 compared with $2.3 million a year earlier. For the first six months of 2020, net interest income after provision for loan losses was $10.4 million compared with $12.0 million a year earlier, primarily reflecting slower commercial loan activity and an increased loan loss provision. The net interest margin was 3.37% in the first half of 2020 compared with 3.87% a year earlier.The provision for loan losses was $760,000 and $1,648,000 in the three and six months ended June 30, 2020 compared with $116,000 and $326,000 for the same period a year earlier. The increase primarily reflects increased qualitative allocations related to the COVID-19 pandemic as well as a $300,000 specific reserve for the large loan relationship previously mentioned as migrating to a nonperforming status during the quarter. Of the $1,648,000 in provision in the first six months of 2020, approximately $1,048,000 is attributed to qualitative factors related to the COVID-19 pandemic and its effect on economic conditions, loan concentrations in sectors adversely affected by the pandemic, and loans that have been granted payment deferrals or have been granted interest only payment status in the short term.J. Todd Scruggs, Executive Vice President and CFO, commented: “The impact of carrying $68 million in PPP loans while also carrying additional contingent liquidity in the form of Fed funds, and a Fed rate cut in the second quarter was clearly evident in our net interest margin and interest rate spread. In general, rates on non-PPP loans have been relatively stable. We don’t anticipate carrying PPP loans for an extended period, so we expect to return to more normalized margins as the PPP program begins to wind down and loan forgiveness begins.”Noninterest income, including gains from the sale of residential mortgages to the secondary market, revenue contributions from BOTJ Investment Services, and income from the Bank’s line of treasury management services for commercial customers was $2.8 million in the second quarter of 2020, up from $1.7 million in the second quarter of 2019. In the first half of 2020, total noninterest income was $5.0 million compared with $2.9 million in the first half of 2019. The increase in noninterest income was also driven by gains on sales of available-for-sale securities of $213,000 and $644,000 respectively for the three and six months of 2020.
Yahoo
Bank of the James Announces Completion of Private Placement of Debt
Thursday Jul 09 2020 at 16:30
LYNCHBURG, Va., July 09, 2020 — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and.
https://www.thelincolnianonline.com
Critical Contrast: Bank of the James Financial Group (NASDAQ:BOTJ) vs. DSA FINL CORP/SH (NASDAQ:DSFN)
Friday Jul 03 2020 at 01:56
Bank of the James Financial Group (NASDAQ:BOTJ) and DSA FINL CORP/SH (OTCMKTS:DSFN) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, analyst recommendations, earnings, profitability and dividends. Analyst Recommendations This is a summary of recent ratings and […]
https://thehill.com
Pelosi throws cold water on impeaching Barr
Thursday Jun 25 2020 at 18:15
Speaker Nancy Pelosi (D-Calif.) on Thursday tamped down the possibility that House Democrats could pursue impeachment of Attorney General William Barr over accusations that he has politicized the Justice Department.
https://www.elconfidencial.com
Setién tiene un problema con Leo Messi y Zidane da una lección con Hazard
Tuesday Jun 23 2020 at 03:00
Messi tarda más en recuperarse de los esfuerzos. Nadie es capaz, desde el banquillo, de tomar la decisión de darle un respiro. En el Real Madrid, Zidane sí tiene un plan de equipo
https://www.thesun.co.uk
The Politician’s Theo Germaine wishes James had ‘revealed more of his backstory’ in season two of Netflix show
Monday Jun 22 2020 at 15:28
THE Politician’s Theo Germaine has revealed how they wished James Sullivan had ‘revealed more of his backstory’ in season two of the Netflix show. The comedy-drama follows ambitio…
https://www.eluniversal.com.co
James Rodríguez está entrenando bien: Zinedine Zidane
Wednesday Jun 17 2020 at 20:41
El técnico francés elogió en rueda de prensa a Eden Hazard y Karim Benzema. El Madrid mañana se mide al Valencia por la Liga Española.
https://www.naijanews.com
Meet The Longest Serving National Assembly Members In Nigeria Since 1999 | Naija News
Thursday May 21 2020 at 09:26
After many years of military rule, Nigeria returned to democracy in 1999 and it has remained like that till now – the longest democratic stretch since the
barrons
Bank of England Warns of 30% U.K. Slump in First Half, but Keeps Its Powder Dry
Thursday May 07 2020 at 09:42
The Bank of England left its monetary policy unchanged on Thursday, but its dire forecast about the U.K. economy this year suggested that it might increase the size of its bond-buying program at its next meeting in June.
reuters
Sterling gets slight boost from Bank of England bounceback scenario
Thursday May 07 2020 at 08:16
The pound rose against the dollar and euro in early London trading on Thursday after the Bank of England held rates steady and announced no further stimulus, as expected, and suggested Britain’s economy could bounce back by 15% in 2021.
businesswire
Protective Life Corporation Announces Three New Board Members
Thursday May 07 2020 at 00:00
Protective Life Corporation (Protective), a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced three new members of i
theguardian
‘You’re not alone. I am with you’: the chaplains tending to those dying from Covid-19
Wednesday May 06 2020 at 10:00
The coronavirus has changed the way chaplains have to anoint the sick and administer last rites – and forced them to confront death daily
abcnews
Trump speculates that China released virus in lab ‘mistake’
Wednesday May 06 2020 at 02:50
What was the source of the coronavirus
investing
Democrats say Trump’s pick for powerful U.S. court too inexperienced
Wednesday May 06 2020 at 00:00
Democrats say Trump’s pick for powerful U.S. court too inexperienced
wsj
Opinion | Judicial Code of Misconduct
Tuesday May 05 2020 at 23:28
An ethics advisory committee is used to defeat a nominee.
theguardian
UK behind the curve in curbing Covid-19 deaths | Letters
Monday May 04 2020 at 16:43
Letters: Statisticians Prof Philip J Brown, Prof James Q Smith and Prof Henry P Wynn dispute David Spiegelhalter’s article on comparisons of the number of coronavirus deaths in Britain and other countries. Plus letters from Bridget Shield and Scott Wilson
https://www.manchestereveningnews.co.uk
Manchester quiz questions and answers to test your knowledge
Saturday May 02 2020 at 17:00
Quiz questions covering general knowledge, history, geography, sport, music, arts and culture of the city
Yahoo
Key Things To Consider Before Buying Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) For Its Dividend
Friday May 01 2020 at 10:54
Is Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) a good dividend stock? How can we tell? Dividend paying…
Yahoo
Bank of the James Announces First Quarter 2020 Financial Results and Declaration of Dividend
Friday Apr 24 2020 at 16:00
LYNCHBURG, Va., April 24, 2020 — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and.
THELINCOLNIANONLINE
Head-To-Head Analysis: Bank of the James Financial Group (NASDAQ:BOTJ) and Carolina Financial (NASDAQ:CARO)
Tuesday Apr 21 2020 at 07:14
Bank of the James Financial Group (NASDAQ:BOTJ) and Carolina Financial (NASDAQ:CARO) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, profitability, earnings and valuation. Risk and Volatility Bank of the James Financial Group has a […]
https://www.manchestereveningnews.co.uk
The best travel shows to cure your wanderlust during lockdown
Saturday Apr 18 2020 at 05:00
These shows are the perfect way to get your travel fix – and give you some ideas for when this is all over.
Yahoo
A Sliding Share Price Has Us Looking At Bank of the James Financial Group, Inc.’s (NASDAQ:BOTJ) P/E Ratio
Thursday Mar 26 2020 at 10:14
Unfortunately for some shareholders, the Bank of the James Financial Group (NASDAQ:BOTJ) share price has dived 41% in…
Yahoo
Why You Might Be Interested In Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) For Its Upcoming Dividend
Saturday Feb 29 2020 at 12:26
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be…
https://www.americanbanker.com
Fed’s ownership rule could open door to more activist investors
Wednesday Feb 19 2020 at 02:00
Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.
https://cincodias.elpais.com
El Porsche Taycan Turbo S arrasa al Bugatti Veyron en el circuito de Top Gear
Monday Feb 17 2020 at 11:08
El vehículo alemán sigue dando buenas noticias.
Yahoo
Bank of the James Announces Fourth Quarter, Full Year 2019 Financial Results and Declaration of Dividend
Friday Jan 24 2020 at 17:00
LYNCHBURG, Va., Jan. 24, 2020 — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James, a full-service commercial and.
Yahoo
Should You Be Pleased About The CEO Pay At Bank of the James Financial Group, Inc.’s (NASDAQ:BOTJ)
Wednesday Jan 15 2020 at 10:47
Bob Chapman is the CEO of Bank of the James Financial Group, Inc. (NASDAQ:BOTJ). First, this article will compare CEO…
Bank of the James Financial Group Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
Learn more at Investopediaopen_in_new
Bank of the James Financial Group’s Altman Z-score is 0.57 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Bank of the James Financial Group Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 9 insiders have bought $61.84K of common stock in Bank of the James Financial Group on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Bank of the James Financial Group’s Income Quality of 1.89 is greater than its Industry Group of 1.3 (45.4% greater)
Bank of the James Financial Group’s Income Quality of 1.89 is greater than its Major Industry Group of 1.32 (43.2% greater)
Bank of the James Financial Group’s Income Quality of 1.89 is greater than its Sector of 0.58 (225.9% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Bank of the James Financial Group’s Current Ratio of 786.39 is greater than its Industry Group of 8.8 (8836.2% greater)
Bank of the James Financial Group’s Current Ratio of 786.39 is greater than its Major Industry Group of 9.67 (8032.3% greater)
Bank of the James Financial Group’s Current Ratio of 786.39 is greater than its Sector of 1.3 (60391.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Bank of the James Financial Group’s PE Ratio of 5.43 is lower than its Industry Group of 7.82 (-30.6% lower)
Bank of the James Financial Group’s PE Ratio of 5.43 is lower than its Major Industry Group of 8.01 (-32.2% lower)
Bank of the James Financial Group’s PE Ratio of 5.43 is lower than its Sector of 7.86 (-30.9% lower)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Bank of the James Financial Group’s PB Ratio of 0.93 is greater than its Industry Group of 0.58 (60.3% greater)
Bank of the James Financial Group’s PB Ratio of 0.93 is greater than its Major Industry Group of 0.36 (158.3% greater)
Bank of the James Financial Group’s PB Ratio of 0.93 is greater than its Sector of 0.72 (29.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Bank of the James Financial Group’s ROE of 0.17 is greater than its Industry Group of 0.08 (112.5% greater)
Bank of the James Financial Group’s ROE of 0.17 is greater than its Major Industry Group of 0.02 (750.0% greater)
Bank of the James Financial Group’s ROE of 0.17 is greater than its Sector of 0.04 (325.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Bank of the James Financial Group’s ROCE of 0.01 is lower than its Industry Group of 0.02 (-50.0% lower)
Bank of the James Financial Group’s ROCE of 0.01 is lower than its Major Industry Group of 0.02 (-50.0% lower)
Bank of the James Financial Group’s ROCE of 0.01 is lower than its Sector of 0.02 (-50.0% lower)
Derived from SEC.GOV filing dataopen_in_new