Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Rises By 62.5%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJGet Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,900 shares, a growth of 62.5% from the January 15th total of 2,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 1.2 days.

Insider Activity

In other news, Director William C. Bryant III purchased 3,450 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $41,400.00. Following the acquisition, the director now directly owns 64,919 shares in the company, valued at approximately $779,028. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 14.45% of the company’s stock.

Hedge Funds Weigh In On Bank of the James Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Bank of the James Financial Group by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,112 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 854 shares in the last quarter. Captrust Financial Advisors increased its stake in Bank of the James Financial Group by 40.9% during the second quarter. Captrust Financial Advisors now owns 125,963 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 36,564 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Bank of the James Financial Group by 146.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,084 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,240 shares during the period. Renaissance Technologies LLC bought a new position in shares of Bank of the James Financial Group during the fourth quarter valued at approximately $124,000. Finally, First Manhattan CO. LLC. grew its stake in Bank of the James Financial Group by 29.9% during the 1st quarter. First Manhattan CO. LLC. now owns 21,711 shares of the financial services provider’s stock worth $228,000 after buying an additional 5,000 shares during the last quarter. 18.31% of the stock is owned by institutional investors and hedge funds.

Bank of the James Financial Group Price Performance

Shares of NASDAQ BOTJ opened at $11.82 on Tuesday. The company has a market cap of $54.02 million, a PE ratio of 6.22 and a beta of 0.76. Bank of the James Financial Group has a 12 month low of $8.12 and a 12 month high of $13.29. The company has a 50-day simple moving average of $11.81 and a 200-day simple moving average of $10.89.

Bank of the James Financial Group (NASDAQ:BOTJGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The financial services provider reported $0.45 EPS for the quarter. Bank of the James Financial Group had a return on equity of 16.76% and a net margin of 16.59%. The company had revenue of $10.52 million during the quarter.

Bank of the James Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.10 dividend. This is a positive change from Bank of the James Financial Group’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, February 29th. Bank of the James Financial Group’s dividend payout ratio (DPR) is 16.84%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Bank of the James Financial Group from a “c+” rating to a “b-” rating in a research report on Friday, December 29th.

View Our Latest Research Report on BOTJ

Bank of the James Financial Group Company Profile

(Get Free Report)

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.

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