Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Rises By 92.7%

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

Insider Activity at Bank of the James Financial Group

In other Bank of the James Financial Group news, President Robert R. Chapman purchased 2,828 shares of Bank of the James Financial Group stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $14.11 per share, with a total value of $39,903.08. Following the completion of the transaction, the president now owns 122,885 shares of the company's stock, valued at $1,733,907.35. This trade represents a 2.36% 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. Also, Director William C. Bryant III purchased 6,602 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $14.49 per share, for a total transaction of $95,662.98. Following the acquisition, the director now owns 73,093 shares in the company, valued at $1,059,117.57. This trade represents a 9.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 10,352 shares of company stock valued at $148,617. 15.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of the James Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Bank of the James Financial Group by 3.3% in 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 last quarter. Empowered Funds LLC boosted its holdings in 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 buying an additional 956 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Bank of the James Financial Group by 2.9% in the 4th 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 in the last quarter. WealthTrak Capital Management LLC acquired a new stake in Bank of the James Financial Group during the 4th quarter valued at $34,000. Finally, Pettyjohn Wood & White Inc. lifted its stake in Bank of the James Financial Group by 2.5% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 261,932 shares of the financial services provider's stock worth $4,010,000 after acquiring an additional 6,363 shares in the last quarter. Institutional investors and hedge funds own 18.50% of the company's stock.

Bank of the James Financial Group Stock Down 1.8%

Bank of the James Financial Group stock traded down $0.26 during midday trading on Tuesday, reaching $13.95. The company's stock had a trading volume of 545 shares, compared to its average volume of 6,456. The company has a market cap of $63.87 million, a P/E ratio of 7.97 and a beta of 0.33. Bank of the James Financial Group has a fifty-two week low of $10.50 and a fifty-two week high of $17.05. The business has a 50-day simple moving average of $14.03 and a 200-day simple moving average of $14.07.

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

Bank of the James Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.87%. Bank of the James Financial Group's dividend payout ratio (DPR) is 27.40%.

Bank of the James Financial Group Company Profile

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.