Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Update

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,016 shares, an increase of 84.0% from the June 30th total of 5,988 shares. Based on an average daily trading volume, of 24,162 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Bank of the James Financial Group Trading Up 0.0%

BOTJ stock traded up $0.01 during trading on Friday, reaching $27.62. The stock had a trading volume of 7,984 shares, compared to its average volume of 12,608. The firm has a fifty day moving average price of $24.97 and a 200 day moving average price of $22.35. The company has a market capitalization of $125.39 million, a P/E ratio of 11.41 and a beta of 0.17. Bank of the James Financial Group has a 1-year low of $13.38 and a 1-year high of $29.79.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.

Bank of the James Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Bank of the James Financial Group’s dividend payout ratio (DPR) is presently 16.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BOTJ. Wall Street Zen raised shares of Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Trading of Bank of the James Financial Group

Several institutional investors have recently added to or reduced their stakes in BOTJ. Raymond James Financial Inc. acquired a new position in Bank of the James Financial Group in the second quarter worth about $27,000. LPL Financial LLC acquired a new position in Bank of the James Financial Group during the 4th quarter valued at about $266,000. Empowered Funds LLC increased its stake in Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after buying an additional 1,613 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Bank of the James Financial Group by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock valued at $689,000 after purchasing an additional 731 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Bank of the James Financial Group by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after buying an additional 868 shares during the period. 18.50% of the stock is owned by institutional investors and hedge funds.

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.