Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Update

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 7,900 shares, a growth of 92.7% from the May 15th total of 4,100 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.2% of the shares of the stock are short sold.

Bank of the James Financial Group Stock Down 1.9%

BOTJ stock traded down $0.27 during midday trading on Friday, reaching $14.04. The company's stock had a trading volume of 278 shares, compared to its average volume of 6,501. Bank of the James Financial Group has a 52 week low of $10.50 and a 52 week high of $17.05. The stock has a market cap of $64.28 million, a PE ratio of 8.02 and a beta of 0.33. The business's 50-day simple moving average is $14.02 and its 200-day simple moving average is $14.09.

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 (EPS) for the quarter. Bank of the James Financial Group had a net margin of 13.29% and a return on equity of 12.48%. The firm had revenue of $11.00 million for the quarter.

Bank of the James Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.85%. Bank of the James Financial Group's dividend payout ratio is 27.40%.

Insider Activity

In other Bank of the James Financial Group news, Director William C. Bryant III acquired 6,602 shares of Bank of the James Financial Group stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $14.49 per share, with a total value of $95,662.98. Following the completion of the purchase, the director now owns 73,093 shares in the company, valued at $1,059,117.57. The trade was a 9.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Robert R. Chapman acquired 2,828 shares of Bank of the James Financial Group stock in a transaction on Monday, May 5th. The stock was acquired at an average cost of $14.11 per share, for a total transaction of $39,903.08. Following the completion of the purchase, the president now owns 122,885 shares of the company's stock, valued at approximately $1,733,907.35. The trade was a 2.36% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 10,352 shares of company stock valued at $148,617 over the last three months. 15.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BOTJ. WealthTrak Capital Management LLC bought a new position in shares of Bank of the James Financial Group during the fourth quarter worth $34,000. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Bank of the James Financial Group during the fourth quarter worth $178,000. Empowered Funds LLC raised its holdings in shares of Bank of the James Financial Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,598 shares of the financial services provider's stock worth $315,000 after acquiring an additional 956 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Bank of the James Financial Group by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 28,466 shares of the financial services provider's stock worth $436,000 after acquiring an additional 911 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of 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 acquiring an additional 956 shares during the period. 18.50% of the stock is owned by institutional investors.

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.