Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Drops By 83.3%

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Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 400 shares, a decrease of 83.3% from the July 31st total of 2,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.2 days.

A number of large investors have recently made changes to their positions in BOTJ. Eidelman Virant Capital grew its position in Bank of the James Financial Group by 1.1% in the first quarter. Eidelman Virant Capital now owns 254,787 shares of the financial services provider’s stock worth $3,495,000 after acquiring an additional 2,655 shares in the last quarter. BB&T Securities LLC grew its position in Bank of the James Financial Group by 14.8% in the second quarter. BB&T Securities LLC now owns 14,484 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 1,865 shares in the last quarter. Banc Funds Co. LLC grew its position in Bank of the James Financial Group by 11.8% in the second quarter. Banc Funds Co. LLC now owns 173,369 shares of the financial services provider’s stock worth $2,559,000 after acquiring an additional 18,313 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Bank of the James Financial Group by 21.6% in the second quarter. Vanguard Group Inc. now owns 68,981 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 12,248 shares in the last quarter. Institutional investors own 33.55% of the company’s stock.

Shares of Bank of the James Financial Group stock traded up $0.49 during trading on Friday, hitting $14.50. The stock had a trading volume of 460 shares, compared to its average volume of 1,419. The firm has a market cap of $61.12 million, a price-to-earnings ratio of 11.17 and a beta of 0.45. Bank of the James Financial Group has a 12 month low of $12.60 and a 12 month high of $16.47. The business’s 50-day moving average is $14.64 and its 200 day moving average is $14.43.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its earnings results on Friday, July 19th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a net margin of 16.00% and a return on equity of 9.77%. The company had revenue of $7.81 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.24 annualized dividend and a yield of 1.66%.

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. It accepts checking, savings, and individual retirement accounts, as well as other time deposits, including money market accounts and certificates of deposit.

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