Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Sees Significant Decline in Short Interest

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,700 shares, a decline of 21.7% from the November 15th total of 6,000 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Bank of the James Financial Group Trading Down 3.4 %

BOTJ stock traded down $0.53 during trading on Friday, hitting $14.99. The company had a trading volume of 35,504 shares, compared to its average volume of 5,241. Bank of the James Financial Group has a one year low of $9.65 and a one year high of $17.05. The business has a 50-day moving average of $14.08 and a 200-day moving average of $13.07. The stock has a market cap of $68.50 million, a PE ratio of 8.15 and a beta of 0.80.

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

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.40 annualized dividend and a yield of 2.67%. Bank of the James Financial Group’s payout ratio is 21.74%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Inspire Investing LLC bought a new position in shares of Bank of the James Financial Group during the 3rd quarter worth approximately $1,018,000. Vanguard Group Inc. grew its stake in Bank of the James Financial Group by 33.1% in the 1st quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock valued at $1,995,000 after purchasing an additional 47,895 shares during the period. Fourthstone LLC grew its stake in 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 during the period. Dimensional Fund Advisors LP increased its position 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 valued at $302,000 after purchasing an additional 8,556 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Bank of the James Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 938 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.