Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Decreases By 33.3%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ – Get Rating) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, a drop of 33.3% from the April 30th total of 5,400 shares. Based on an average trading volume of 9,400 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BOTJ. Tower Research Capital LLC TRC increased its position in Bank of the James Financial Group by 146.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,084 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,240 shares during the period. Renaissance Technologies LLC acquired a new position in Bank of the James Financial Group during the fourth quarter worth approximately $124,000. Dimensional Fund Advisors LP increased its position in Bank of the James Financial Group by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 14,112 shares of the financial services provider’s stock worth $206,000 after buying an additional 854 shares during the period. First Manhattan CO. LLC. increased its position in Bank of the James Financial Group by 29.9% during the first 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 period. Finally, BHZ Capital Management LP increased its position in Bank of the James Financial Group by 35.8% during the fourth quarter. BHZ Capital Management LP now owns 44,572 shares of the financial services provider’s stock worth $531,000 after buying an additional 11,739 shares during the period. Institutional investors and hedge funds own 25.44% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet lowered Bank of the James Financial Group from a “b-” rating to a “c+” rating in a research report on Wednesday, May 10th.

Bank of the James Financial Group Price Performance

Shares of NASDAQ BOTJ traded down $0.17 during midday trading on Friday, hitting $8.95. 7,461 shares of the company’s stock were exchanged, compared to its average volume of 7,294. Bank of the James Financial Group has a twelve month low of $8.12 and a twelve month high of $14.23. The company has a market cap of $40.90 million, a PE ratio of 4.76 and a beta of 0.71. The firm’s fifty day simple moving average is $10.01 and its 200-day simple moving average is $11.56.

Bank of the James Financial Group (NASDAQ:BOTJ – Get Rating) last issued its earnings results on Friday, April 21st. The financial services provider reported $0.43 earnings per share for the quarter. Bank of the James Financial Group had a return on equity of 17.27% and a net margin of 18.85%. The business had revenue of $10.69 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, June 1st. Bank of the James Financial Group’s dividend payout ratio (DPR) is 17.02%.

About Bank of the James Financial Group

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Bank of the James Financial Group, Inc is a bank holding company, which engages in the provision of general retail and commercial banking services. It operates through the Community Banking, and Mortgage Banking segments. The Community Banking segment includes Bank of the James which provides loans, deposits, investments and insurance to retail and commercial customers throughout the bank’s market areas.