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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,600 shares, an increase of 21.1% from the February 13th total of 3,800 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Bank of the James Financial Group Stock Performance

BOTJ opened at $13.37 on Tuesday. The business has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.90. Bank of the James Financial Group has a twelve month low of $9.65 and a twelve month high of $17.05. The firm has a market cap of $61.19 million, a P/E ratio of 7.64 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 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.40 annualized dividend and a yield of 2.99%. Bank of the James Financial Group’s dividend payout ratio (DPR) is currently 22.86%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pettyjohn Wood & White Inc. increased its position in Bank of the James Financial Group by 2.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider’s stock worth $4,010,000 after buying an additional 6,363 shares during the period. Fourthstone LLC increased its position in Bank of the James Financial Group by 72.9% in the 4th quarter. Fourthstone LLC now owns 161,046 shares of the financial services provider’s stock worth $2,556,000 after buying an additional 67,927 shares during the period. Bridgeway Capital Management LLC increased its position in 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 worth $514,000 after buying an additional 956 shares during the period. Dimensional Fund Advisors LP increased its position in 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 buying an additional 911 shares during the period. Finally, Empowered Funds LLC increased its position in 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 period. 18.50% of the stock is owned by 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.