Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Grows By 7.3%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,400 shares, a growth of 7.3% from the August 31st total of 4,100 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.7 days.

Bank of the James Financial Group Price Performance

NASDAQ BOTJ opened at $13.65 on Wednesday. Bank of the James Financial Group has a 12 month low of $9.49 and a 12 month high of $15.75. The company has a market capitalization of $62.45 million, a P/E ratio of 7.00 and a beta of 0.75. The company’s 50 day simple moving average is $13.54 and its 200 day simple moving average is $11.72.

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

Bank of the James Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, September 6th. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 20.51%.

Institutional Investors Weigh In On Bank of the James Financial Group

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in Bank of the James Financial Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 17,444 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,225 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Bank of the James Financial Group by 46.8% in 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 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 valued at approximately $268,000. Vanguard Group Inc. lifted 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 acquiring an additional 47,895 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. boosted its stake in 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 worth $2,631,000 after purchasing an additional 57,856 shares during the period. 18.50% of the stock is 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.