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 large decline in short interest during the month of March. As of March 31st, there was short interest totaling 5,427 shares, a decline of 14.7% from the March 15th total of 6,363 shares. Based on an average daily volume of 5,520 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the shares of the company are sold short.

Bank of the James Financial Group Stock Up 0.4%

Shares of NASDAQ:BOTJ opened at $22.71 on Friday. The company has a market cap of $103.09 million, a price-to-earnings ratio of 11.31 and a beta of 0.12. The business has a 50 day moving average price of $20.75 and a 200 day moving average price of $18.58. Bank of the James Financial Group has a twelve month low of $13.00 and a twelve month high of $23.15.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.60 EPS for the quarter. Bank of the James Financial Group had a return on equity of 12.15% and a net margin of 14.43%.The company had revenue of $12.86 million during the quarter.

Bank of the James Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Bank of the James Financial Group’s dividend payout ratio (DPR) is currently 20.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Insiders Place Their Bets

In related news, President Robert R. Chapman bought 1,200 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $20.89 per share, with a total value of $25,068.00. Following the completion of the transaction, the president directly owned 124,118 shares of the company’s stock, valued at $2,592,825.02. This trade represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders purchased 2,289 shares of company stock valued at $47,387. 15.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Fourthstone LLC lifted its stake in shares of Bank of the James Financial Group by 10.3% in the fourth quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock valued at $5,981,000 after buying an additional 30,126 shares during the period. LPL Financial LLC bought a new position in Bank of the James Financial Group during the fourth quarter valued at about $266,000. Daytona Street Capital LLC acquired a new position in Bank of the James Financial Group in the 4th quarter valued at approximately $2,933,000. Bridgeway Capital Management LLC raised its holdings in Bank of the James Financial Group by 2.5% in the 3rd 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 in the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of Bank of the James Financial Group in the 3rd quarter worth approximately $568,000. Institutional investors and hedge funds own 18.50% of the company’s stock.

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.