Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Decreases By 38.0%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 9,116 shares, a decline of 38.0% from the July 30th total of 14,695 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 47,939 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BOTJ shares. Weiss Ratings raised shares of Bank of the James Financial Group from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, August 17th. Wall Street Zen cut shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Bank of the James Financial Group Stock Performance

Shares of NASDAQ:BOTJ opened at $27.01 on Monday. The stock has a 50 day moving average of $26.46 and a 200 day moving average of $23.57. The company has a market cap of $122.71 million, a PE ratio of 10.68 and a beta of 0.16. Bank of the James Financial Group has a 12-month low of $14.29 and a 12-month high of $29.79.

Bank of the James Financial Group (NASDAQ:BOTJ) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%. The company had revenue of $13.73 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Bank of the James Financial Group’s payout ratio is 15.81%.

Institutional Investors Weigh In On Bank of the James Financial Group

Institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new position in shares of Bank of the James Financial Group in the second quarter valued at about $895,000. Fourthstone LLC boosted its stake in Bank of the James Financial Group by 10.3% in the 4th quarter. Fourthstone LLC now owns 321,908 shares of the financial services provider’s stock worth $5,981,000 after purchasing an additional 30,126 shares during the period. Empowered Funds LLC purchased a new stake in Bank of the James Financial Group during the 2nd quarter valued at approximately $630,000. BlackRock Inc. purchased a new stake in Bank of the James Financial Group during the 2nd quarter valued at approximately $618,000. Finally, LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group during the fourth quarter valued at approximately $266,000. Hedge funds and other institutional investors 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.