Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Rises By 20.4%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,900 shares, an increase of 20.4% from the December 31st total of 4,900 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Bank of the James Financial Group Price Performance

BOTJ traded down $0.07 during midday trading on Friday, reaching $13.90. 4,276 shares of the company’s stock traded hands, compared to its average volume of 15,762. The stock has a market capitalization of $63.52 million, a price-to-earnings ratio of 7.55 and a beta of 0.79. Bank of the James Financial Group has a 52 week low of $9.65 and a 52 week high of $17.05. The firm has a fifty day moving average of $14.69 and a two-hundred day moving average of $13.90.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.36 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%.

Bank of the James Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, March 7th. Bank of the James Financial Group’s dividend payout ratio is currently 21.74%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several institutional investors have recently made changes to their positions in the business. Inspire Investing LLC bought a new position in Bank of the James Financial Group in the 3rd quarter worth $1,018,000. Empowered Funds LLC raised its stake in 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 acquiring an additional 938 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bank of the James Financial Group by 46.8% during the second 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 in the last quarter. Finally, Fourthstone LLC boosted its position in shares of Bank of the James Financial Group by 27.7% in the third quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 20,191 shares during the period. Institutional investors own 18.50% of the company’s stock.

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.