Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Down 22.6% in August

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 4,100 shares, a drop of 22.6% from the August 15th total of 5,300 shares. Based on an average daily trading volume, of 5,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Bank of the James Financial Group Stock Performance

Shares of NASDAQ:BOTJ traded up $0.16 on Friday, hitting $13.66. The stock had a trading volume of 1,139 shares, compared to its average volume of 4,871. Bank of the James Financial Group has a twelve month low of $9.49 and a twelve month high of $15.75. The company has a market capitalization of $62.43 million, a price-to-earnings ratio of 7.01 and a beta of 0.75. The firm’s 50 day moving average price is $13.04 and its 200-day moving average price is $11.48.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its earnings results on Friday, July 26th. The financial services provider reported $0.47 earnings per share for the quarter. The company had revenue of $11.28 million during the quarter. Bank of the James Financial Group had a return on equity of 14.59% and a net margin of 15.14%.

Bank of the James Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. Bank of the James Financial Group’s payout ratio is 20.51%.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BOTJ. Vanguard Group Inc. increased 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 valued at $1,995,000 after buying an additional 47,895 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Bank of the James Financial Group by 7.6% in the first quarter. Empowered Funds LLC now owns 17,444 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,225 shares in the last quarter. BHZ Capital Management LP acquired a new stake in shares of Bank of the James Financial Group during the fourth quarter worth about $268,000. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of the James Financial Group by 46.8% during the 2nd 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, Pettyjohn Wood & White Inc. grew its position in shares of Bank of the James Financial Group by 29.5% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 253,963 shares of the financial services provider’s stock valued at $2,631,000 after purchasing an additional 57,856 shares during the period. 18.50% of the stock is owned by institutional investors.

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.