Banc Funds Co. LLC Reduces Stake in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

Banc Funds Co. LLC lessened its position in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Free Report) by 62.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,029 shares of the financial services provider's stock after selling 38,346 shares during the quarter. Banc Funds Co. LLC owned about 0.50% of Bank of the James Financial Group worth $316,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Inspire Investing LLC purchased a new stake in shares of Bank of the James Financial Group in the third quarter valued at approximately $1,018,000. Vanguard Group Inc. raised its holdings in shares of Bank of the James Financial Group by 33.1% during the 1st quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider's stock worth $1,995,000 after acquiring an additional 47,895 shares during the period. Fourthstone LLC raised its holdings in shares of Bank of the James Financial Group by 27.7% during the 3rd quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider's stock worth $1,279,000 after acquiring an additional 20,191 shares during the period. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 8,556 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Bank of the James Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 938 shares during the period. Hedge funds and other institutional investors own 18.50% of the company's stock.

Bank of the James Financial Group Trading Up 0.3 %

BOTJ stock traded up $0.04 during trading on Monday, reaching $15.71. 1,980 shares of the stock were exchanged, compared to its average volume of 5,059. The firm has a market capitalization of $71.79 million, a price-to-earnings ratio of 8.52 and a beta of 0.76. The business has a 50 day moving average price of $13.69 and a 200-day moving average price of $12.75. Bank of the James Financial Group, Inc. has a 1 year low of $9.65 and a 1 year high of $15.75.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.44 earnings per share for the quarter. The firm had revenue of $11.33 million during the quarter. Bank of the James Financial Group had a net margin of 14.46% and a return on equity of 13.36%.

Bank of the James Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. Bank of the James Financial Group's dividend payout ratio is presently 21.74%.

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.