Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Sees Large Decline in Short Interest

Bank of the James Financial Group, Inc. (NASDAQ:BOTJGet Rating) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 2,500 shares, a decline of 16.7% from the June 30th total of 3,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 0.5 days.

Bank of the James Financial Group Stock Performance

Shares of Bank of the James Financial Group stock opened at $12.89 on Wednesday. Bank of the James Financial Group has a one year low of $11.67 and a one year high of $17.00. The company has a market cap of $61.10 million, a P/E ratio of 7.49 and a beta of 0.87. The firm has a fifty day moving average of $12.75 and a two-hundred day moving average of $14.11.

Bank of the James Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.17%. Bank of the James Financial Group’s payout ratio is currently 16.28%.

Hedge Funds Weigh In On Bank of the James Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eidelman Virant Capital boosted its stake in shares of Bank of the James Financial Group by 6.0% in the fourth quarter. Eidelman Virant Capital now owns 246,848 shares of the financial services provider’s stock valued at $3,814,000 after buying an additional 13,975 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its holdings in Bank of the James Financial Group by 1.7% in the first quarter. Pettyjohn Wood & White Inc. now owns 179,147 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 3,000 shares during the period. BHZ Capital Management LP boosted its position in shares of Bank of the James Financial Group by 2.6% during the 1st quarter. BHZ Capital Management LP now owns 30,842 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 782 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bank of the James Financial Group by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,112 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 28.95% of the company’s stock.

About Bank of the James Financial Group

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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 Unites 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.

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