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

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

Bank of the James Financial Group Price Performance

Shares of BOTJ stock traded down $0.34 during trading on Tuesday, reaching $26.70. The company had a trading volume of 22,034 shares, compared to its average volume of 16,744. The firm’s 50 day simple moving average is $26.52 and its two-hundred day simple moving average is $23.62. Bank of the James Financial Group has a one year low of $14.29 and a one year high of $29.79. The company has a market capitalization of $121.22 million, a PE ratio of 10.55 and a beta of 0.16.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its earnings results 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Bank of the James Financial Group by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after acquiring an additional 731 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Bank of the James Financial Group by 2.5% during the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 868 shares during the period. Empowered Funds LLC boosted its holdings in Bank of the James Financial Group by 7.8% during the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,613 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $27,000. Finally, LPL Financial LLC acquired a new stake in shares of Bank of the James Financial Group in the fourth quarter valued at about $266,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on BOTJ shares. Wall Street Zen lowered shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Bank of the James Financial Group from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bank of the James Financial Group currently has an average rating of “Buy”.

Bank of the James Financial Group Company Profile

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.