Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Decreases By 17.4%

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

Bank of the James Financial Group Trading Down 1.9 %

Shares of Bank of the James Financial Group stock opened at $14.50 on Thursday. Bank of the James Financial Group has a 1 year low of $9.65 and a 1 year high of $17.05. The company’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $13.96. The company has a market cap of $66.34 million, a price-to-earnings ratio of 8.29 and a beta of 0.78.

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

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 7th. This represents a $0.40 annualized dividend and a yield of 2.76%. Bank of the James Financial Group’s dividend payout ratio is 22.86%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several large investors have recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in Bank of the James Financial Group in the 4th quarter valued at $34,000. RFG Bristol Wealth Advisors LLC bought a new position in shares of Bank of the James Financial Group during the 4th quarter worth approximately $178,000. Empowered Funds LLC grew its position in 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 valued at $315,000 after acquiring an additional 956 shares during the period. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 18.50% of the company’s stock.

Bank of the James Financial Group Company Profile

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.