Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Declines By 27.5%

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,900 shares, a decrease of 27.5% from the March 31st total of 4,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 0.5 days.

Bank of the James Financial Group Stock Up 1.3 %

Shares of NASDAQ BOTJ traded up $0.18 during midday trading on Tuesday, hitting $14.13. The stock had a trading volume of 3,542 shares, compared to its average volume of 6,535. Bank of the James Financial Group has a 1 year low of $10.10 and a 1 year high of $17.05. The company has a market capitalization of $64.69 million, a PE ratio of 8.07 and a beta of 0.29. The stock has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $14.02.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.19 earnings per share for the quarter. The company had revenue of $11.00 million for the quarter. Bank of the James Financial Group had a return on equity of 12.48% and a net margin of 13.29%.

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. Bank of the James Financial Group's payout ratio is 27.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fourthstone LLC boosted its stake in Bank of the James Financial Group by 72.9% during the fourth quarter. Fourthstone LLC now owns 161,046 shares of the financial services provider's stock worth $2,556,000 after buying an additional 67,927 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in shares of Bank of the James Financial Group during the 4th quarter worth $178,000. Pettyjohn Wood & White Inc. boosted its position in shares of Bank of the James Financial Group by 2.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider's stock valued at $4,010,000 after acquiring an additional 6,363 shares during the last quarter. WealthTrak Capital Management LLC purchased a new stake in shares of Bank of the James Financial Group in the fourth quarter valued at about $34,000. Finally, Bridgeway Capital Management LLC increased its position in Bank of the James Financial Group by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 33,598 shares of the financial services provider's stock worth $514,000 after purchasing an additional 956 shares during the last quarter. 18.50% of the stock is currently owned by institutional investors and hedge funds.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States. It offers checking, savings, individual retirement, and health care saving accounts, as well as other time deposits, including money market accounts and certificates of deposit.