Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Down 17.4% in March

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 17.4% from the February 28th total of 4,600 shares. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Bank of the James Financial Group

Several hedge funds have recently modified their holdings of BOTJ. Empowered Funds LLC grew its position in shares of Bank of the James Financial Group by 4.9% in the 4th quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider’s stock worth $315,000 after buying an additional 956 shares during the last quarter. Pettyjohn Wood & White Inc. increased its position in shares of Bank of the James Financial Group by 2.5% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider’s stock worth $4,010,000 after purchasing an additional 6,363 shares in the last quarter. WealthTrak Capital Management LLC purchased a new stake in shares of Bank of the James Financial Group during the 4th quarter valued at $34,000. Dimensional Fund Advisors LP boosted its position in shares of Bank of the James Financial Group by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 911 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Bank of the James Financial Group by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 33,598 shares of the financial services provider’s stock worth $514,000 after buying an additional 956 shares during the last quarter. 18.50% of the stock is owned by hedge funds and other institutional investors.

Bank of the James Financial Group Stock Performance

Shares of BOTJ opened at $14.76 on Wednesday. The company has a 50 day moving average price of $13.51 and a 200-day moving average price of $13.96. Bank of the James Financial Group has a fifty-two week low of $9.65 and a fifty-two week high of $17.05. The stock has a market capitalization of $67.53 million, a PE ratio of 8.43 and a beta of 0.78.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its earnings results on Friday, January 31st. The financial services provider reported $0.36 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 12.48% and a net margin of 13.29%.

Bank of the James Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.40 annualized dividend and a yield of 2.71%. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 22.86%.

About Bank of the James Financial Group

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.