Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Short Interest Up 53.1% in March

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 6,363 shares, a growth of 53.1% from the February 26th total of 4,156 shares. Based on an average daily volume of 5,360 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company’s stock are short sold.

Insider Activity

In other news, President Robert R. Chapman purchased 1,200 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were bought at an average cost of $20.89 per share, for a total transaction of $25,068.00. Following the completion of the acquisition, the president directly owned 124,118 shares in the company, valued at approximately $2,592,825.02. This trade represents a 0.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 2,289 shares of company stock valued at $47,387. Company insiders own 15.37% of the company’s stock.

Hedge Funds Weigh In On Bank of the James Financial Group

A number of institutional investors have recently added to or reduced their stakes in BOTJ. Empowered Funds LLC increased its stake in shares of Bank of the James Financial Group by 7.8% during the 1st quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 1,613 shares during the last quarter. Fourthstone LLC lifted its stake in Bank of the James Financial Group by 27.2% in the 2nd quarter. Fourthstone LLC now owns 225,618 shares of the financial services provider’s stock valued at $3,172,000 after purchasing an additional 48,244 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Bank of the James Financial Group in the 2nd quarter valued at about $27,000. Atlantic Union Bankshares Corp bought a new position in Bank of the James Financial Group during the third quarter worth about $94,000. Finally, Krilogy Financial LLC bought a new position in Bank of the James Financial Group during the third quarter worth about $568,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

Bank of the James Financial Group Stock Performance

NASDAQ:BOTJ opened at $20.55 on Friday. The stock’s 50-day simple moving average is $20.01 and its 200 day simple moving average is $17.98. The company has a market cap of $93.30 million, a P/E ratio of 10.28 and a beta of 0.12. Bank of the James Financial Group has a 52-week low of $13.00 and a 52-week high of $21.49.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.60 EPS for the quarter. The firm had revenue of $12.86 million during the quarter. Bank of the James Financial Group had a return on equity of 12.47% and a net margin of 14.43%.

Bank of the James Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Bank of the James Financial Group’s dividend payout ratio is presently 20.00%.

Analysts Set New Price Targets

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

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.