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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,900 shares, a drop of 9.3% from the September 30th total of 4,300 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company's shares are short sold.

Institutional Investors Weigh In On Bank of the James Financial Group

Large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new stake in Bank of the James Financial Group in the third quarter valued at $1,018,000. Pettyjohn Wood & White Inc. increased its position 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 valued at $2,631,000 after buying an additional 57,856 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 buying an additional 47,895 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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. Finally, Empowered Funds LLC grew its stake in 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 valued at $181,000 after acquiring an additional 1,225 shares during the period. Institutional investors and hedge funds own 18.50% of the company's stock.

Bank of the James Financial Group Trading Up 0.2 %

BOTJ stock traded up $0.03 during trading on Wednesday, hitting $13.20. The company had a trading volume of 9,582 shares, compared to its average volume of 4,973. The stock has a market cap of $60.39 million, a PE ratio of 6.77 and a beta of 0.75. The business has a 50-day moving average of $13.48 and a 200-day moving average of $12.10. Bank of the James Financial Group has a one year low of $9.63 and a one 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 EPS for the quarter. The company had revenue of $11.33 million for the quarter. Bank of the James Financial Group had a net margin of 15.14% and a return on equity of 14.59%.

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, November 22nd. Bank of the James Financial Group's dividend payout ratio is 20.51%.

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.