Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Declines By 14.7%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 5,427 shares, a decrease of 14.7% from the March 15th total of 6,363 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,520 shares, the short-interest ratio is currently 1.0 days.

Bank of the James Financial Group Stock Performance

Shares of BOTJ opened at $23.11 on Friday. The company’s 50 day moving average price is $20.81 and its 200 day moving average price is $18.63. Bank of the James Financial Group has a 52 week low of $13.00 and a 52 week high of $23.45. The company has a market capitalization of $104.92 million, a PE ratio of 11.56 and a beta of 0.12.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its 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 firm had revenue of $12.86 million for the quarter.

Bank of the James Financial Group Announces Dividend

The firm also recently announced 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 1.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Bank of the James Financial Group’s payout ratio is currently 20.00%.

Insider Transactions at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman acquired 1,200 shares of Bank of the James Financial Group stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $20.89 per share, with a total value of $25,068.00. Following the purchase, the president owned 124,118 shares in the company, valued at approximately $2,592,825.02. The trade was a 0.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders bought 2,289 shares of company stock valued at $47,387. 15.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank of the James Financial Group

Several large investors have recently added to or reduced their stakes in BOTJ. Raymond James Financial Inc. bought a new stake in Bank of the James Financial Group in the second quarter worth approximately $27,000. Atlantic Union Bankshares Corp bought a new stake in Bank of the James Financial Group in the third quarter worth approximately $94,000. LPL Financial LLC bought a new stake in Bank of the James Financial Group in the fourth quarter worth approximately $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 worth $328,000 after acquiring an additional 1,613 shares in 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 worth $565,000 after acquiring an additional 868 shares in the last quarter. 18.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bank of the James Financial Group has a consensus 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.