Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Up 53.1% in March

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 6,363 shares, an increase of 53.1% from the February 26th total of 4,156 shares. Based on an average daily trading volume, of 5,360 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

Bank of the James Financial Group Stock Down 0.7%

BOTJ stock opened at $20.55 on Friday. The company’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $18.00. The firm has a market cap of $93.36 million, a P/E ratio of 10.28 and a beta of 0.12. Bank of the James Financial Group has a 12 month low of $13.00 and a 12 month high of $21.49.

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 earnings per share for the quarter. The company had revenue of $12.86 million during the quarter. Bank of the James Financial Group had a net margin of 14.43% and a return on equity of 12.47%.

Bank of the James Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.40 annualized dividend and a yield of 1.9%. Bank of the James Financial Group’s dividend payout ratio is presently 20.00%.

Insider Activity

In related news, President Robert R. Chapman purchased 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average cost of $20.89 per share, for a total transaction of $25,068.00. Following the completion of the purchase, the president owned 124,118 shares in the company, valued at approximately $2,592,825.02. This represents a 0.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 2,289 shares of company stock valued at $47,387 in the last three months. Insiders own 15.37% 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 business. Raymond James Financial Inc. acquired a new position in shares of Bank of the James Financial Group during the 2nd quarter worth $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Bank of the James Financial Group during the 3rd quarter worth $94,000. LPL Financial LLC acquired a new stake in Bank of the James Financial Group in the fourth quarter valued at about $266,000. Empowered Funds LLC grew its position in Bank of the James Financial Group by 7.8% in 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 last quarter. Finally, Bridgeway Capital Management LLC grew its position in Bank of the James Financial Group by 2.5% in 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 last quarter. Institutional investors own 18.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.