Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Declines By 38.0%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,116 shares, a decrease of 38.0% from the July 30th total of 14,695 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 47,939 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Bank of the James Financial Group

Several large investors have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new position in shares of Bank of the James Financial Group during the second quarter worth $895,000. Fourthstone LLC boosted its holdings in Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after purchasing an additional 30,126 shares during the last quarter. Empowered Funds LLC purchased a new stake in Bank of the James Financial Group in the second quarter valued at $630,000. BlackRock Inc. acquired a new stake in Bank of the James Financial Group during the 2nd quarter worth about $618,000. Finally, LPL Financial LLC acquired a new stake in Bank of the James Financial Group during the 4th quarter worth about $266,000. 18.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BOTJ has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised shares of Bank of the James Financial Group from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bank of the James Financial Group has a consensus rating of “Buy”.

Bank of the James Financial Group Stock Performance

Bank of the James Financial Group stock opened at $26.65 on Wednesday. The business’s 50-day simple moving average is $26.56 and its two-hundred day simple moving average is $23.67. The company has a market cap of $120.99 million, a PE ratio of 10.53 and a beta of 0.18. Bank of the James Financial Group has a fifty-two week low of $14.29 and a fifty-two week high of $29.79.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.30% and a net margin of 17.72%.The firm had revenue of $13.73 million during the quarter.

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 21st. Bank of the James Financial Group’s payout ratio is presently 15.81%.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc is the bank holding company for The Bank of the James, a Virginia-chartered commercial bank headquartered in Lynchburg, Virginia. Established in the early 20th century, the organization has developed a reputation for community banking with a focus on personalized service. As a NASDAQ-listed entity under the ticker BOTJ, the holding company oversees a network of full-service branches throughout Central and Southwestern Virginia.

The Bank of the James offers a comprehensive suite of consumer and commercial banking solutions.