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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,300 shares, a growth of 35.9% from the October 15th total of 3,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 1.3 days.

Bank of the James Financial Group Price Performance

Shares of BOTJ traded up $0.11 during trading hours on Thursday, hitting $14.45. The stock had a trading volume of 357 shares, compared to its average volume of 4,985. Bank of the James Financial Group has a 12 month low of $9.65 and a 12 month high of $15.75. The firm has a market capitalization of $66.04 million, a PE ratio of 7.79 and a beta of 0.76. The stock has a fifty day moving average price of $13.49 and a 200 day moving average price of $12.37.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its earnings results on Friday, October 25th. The financial services provider reported $0.44 earnings per share for the quarter. The company had revenue of $11.33 million for the quarter. Bank of the James Financial Group had a return on equity of 13.81% and a net margin of 14.46%.

Bank of the James Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.10 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 2.77%. Bank of the James Financial Group’s payout ratio is 21.74%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several large investors have recently made changes to their positions in BOTJ. Vanguard Group Inc. lifted its position in shares of Bank of the James Financial Group by 33.1% in the first quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock worth $1,995,000 after buying an additional 47,895 shares in the last quarter. Fourthstone LLC lifted 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 buying an additional 20,191 shares in the last quarter. Inspire Investing LLC bought a new stake in Bank of the James Financial Group during the third quarter worth approximately $1,018,000. Dimensional Fund Advisors LP increased its stake 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 worth $302,000 after acquiring an additional 8,556 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Bank of the James Financial Group by 5.0% during the third 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 last quarter. 18.50% of the stock is currently owned by hedge funds and other institutional investors.

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.