Robert R. Chapman, who serves as president of Bank of the James Financial Group Inc (NASDAQ: BOTJ), executed an insider purchase on February 20, 2026, acquiring 1,200 shares of the bank's common stock at $20.89 per share. The single transaction carried a value of $25,068 and increases Chapman’s direct ownership to 124,118 shares.
The purchase occurred while BOTJ shares are trading close to their 52-week high of $21.49. Over the past 12 months the stock has advanced roughly 66%, and InvestingPro reports the company is currently trading at a price-to-earnings ratio of 10.48.
Leadership change at the financial group
In a separate development, Bank of the James Financial Group, Inc. announced the retirement of co-founder J. Todd Scruggs, effective January 5. Scruggs, who helped establish the bank in 1998, served as the organization’s Chief Financial Officer from its inception until 2025. Prior to his retirement, he had been performing duties as Executive Vice President and Chief Investment Officer, in addition to holding titles of Secretary and Treasurer at the parent company.
The company provided no additional detail about a successor to Scruggs or any immediate strategic changes tied to his departure. His retirement represents a notable leadership transition for the bank.
Context and factual constraints
The facts reported here are limited to the transaction details and the announced retirement. No further information has been released regarding a replacement for Scruggs or any adjustments to the bank's strategic or operational plans. The report of Chapman’s purchase and Scruggs’ retirement are discrete updates included in the financial group’s recent filings and releases.
Readers should note that the data cited on valuation and performance - including the stock’s 52-week high, 66% one-year gain and the 10.48 P/E ratio - are reported as of the most recent publicly available figures referenced in company disclosures and InvestingPro analytics.