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 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 1.3 days.

Bank of the James Financial Group Trading Up 0.8 %

Shares of NASDAQ BOTJ traded up $0.11 during trading hours on Thursday, reaching $14.45. The stock had a trading volume of 357 shares, compared to its average volume of 4,985. The firm has a market cap of $66.04 million, a price-to-earnings ratio of 7.79 and a beta of 0.76. The business’s fifty day moving average price is $13.49 and its two-hundred day moving average price is $12.37. Bank of the James Financial Group has a 52-week low of $9.65 and a 52-week high of $15.75.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $11.33 million during 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.77%. Bank of the James Financial Group’s dividend payout ratio is currently 21.74%.

Institutional Trading of Bank of the James Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in BOTJ. Fourthstone LLC boosted its position in shares of Bank of the James Financial Group by 27.7% in the 3rd 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 in the last quarter. Empowered Funds LLC boosted its position in shares of Bank of the James Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 938 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Bank of the James Financial Group in the 3rd quarter worth $1,018,000. Dimensional Fund Advisors LP boosted its position in shares of Bank of the James Financial Group by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,852 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 8,556 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Bank of the James Financial Group by 33.1% in the 1st quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock worth $1,995,000 after purchasing an additional 47,895 shares in the last quarter. Hedge funds and other institutional investors own 18.50% of the company’s stock.

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.