Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Declines By 17.4%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 17.4% from the February 28th total of 4,600 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.4 days.

Bank of the James Financial Group Stock Performance

NASDAQ BOTJ opened at $14.78 on Tuesday. The stock has a market cap of $67.62 million, a price-to-earnings ratio of 8.45 and a beta of 0.78. The business has a 50 day simple moving average of $13.48 and a 200 day simple moving average of $13.95. Bank of the James Financial Group has a 52-week low of $9.65 and a 52-week high of $17.05.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.36 earnings per share for the quarter. Bank of the James Financial Group had a net margin of 13.29% and a return on equity of 12.48%.

Bank of the James Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, March 7th. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 22.86%.

Institutional Trading of Bank of the James Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Bank of the James Financial Group by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider’s stock worth $436,000 after buying an additional 911 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Bank of the James Financial Group by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 33,598 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 956 shares in the last quarter. Empowered Funds LLC boosted its position in Bank of the James Financial Group by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 956 shares during the last quarter. WealthTrak Capital Management LLC bought a new position in shares of Bank of the James Financial Group during the 4th quarter worth approximately $34,000. Finally, Pettyjohn Wood & White Inc. grew its stake in shares of Bank of the James Financial Group by 2.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider’s stock worth $4,010,000 after acquiring an additional 6,363 shares in the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

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.