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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 5,300 shares, an increase of 35.9% from the October 15th total of 3,900 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.1% of the shares of the company are sold short.

Bank of the James Financial Group Trading Up 0.5 %

Shares of NASDAQ BOTJ traded up $0.07 during mid-day trading on Friday, hitting $14.58. The company had a trading volume of 5,990 shares, compared to its average volume of 4,996. The company has a market capitalization of $66.63 million, a price-to-earnings ratio of 7.92 and a beta of 0.76. Bank of the James Financial Group has a 1 year low of $9.65 and a 1 year high of $15.75. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $12.41.

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

Bank of the James Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.10 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 2.74%. Bank of the James Financial Group’s payout ratio is currently 21.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BOTJ. Inspire Investing LLC purchased a new position in shares of Bank of the James Financial Group during the third quarter worth about $1,018,000. Vanguard Group Inc. grew its holdings in shares of Bank of the James Financial Group by 33.1% during the first quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock worth $1,995,000 after purchasing an additional 47,895 shares in the last quarter. Fourthstone LLC grew its holdings in shares of Bank of the James Financial Group by 27.7% during the third quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 20,191 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bank of the James Financial Group by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 26,852 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 8,556 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Bank of the James Financial Group by 7.6% during the first quarter. Empowered Funds LLC now owns 17,444 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors 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.