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

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

Bank of the James Financial Group Stock Performance

Shares of BOTJ stock opened at $14.78 on Tuesday. The firm’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $13.95. Bank of the James Financial Group has a 52-week low of $9.65 and a 52-week high of $17.05. The stock has a market cap of $67.62 million, a PE ratio of 8.45 and a beta of 0.78.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, March 7th. Bank of the James Financial Group’s dividend payout ratio (DPR) is currently 22.86%.

Hedge Funds Weigh In On Bank of the James Financial Group

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

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.