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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,800 shares, a drop of 17.4% from the February 28th total of 4,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is currently 0.4 days.

Bank of the James Financial Group Trading Up 1.8 %

NASDAQ:BOTJ opened at $14.76 on Wednesday. The firm has a fifty day simple moving average of $13.51 and a 200-day simple moving average of $13.96. Bank of the James Financial Group has a 12 month low of $9.65 and a 12 month high of $17.05. The company has a market capitalization of $67.53 million, a P/E ratio of 8.43 and a beta of 0.78.

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

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend 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 currently 22.86%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. WealthTrak Capital Management LLC acquired a new stake in Bank of the James Financial Group during the 4th quarter worth about $34,000. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Bank of the James Financial Group in the 4th quarter valued at about $178,000. Empowered Funds LLC boosted its stake in shares of Bank of the James Financial Group by 4.9% in the fourth quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider’s stock worth $315,000 after buying an additional 956 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 911 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Bank of the James Financial Group by 2.9% during the fourth 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. 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.