Banc Funds Co. LLC Has $316,000 Stock Position in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

Banc Funds Co. LLC reduced its position in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) by 62.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,029 shares of the financial services provider’s stock after selling 38,346 shares during the period. Banc Funds Co. LLC owned about 0.50% of Bank of the James Financial Group worth $316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Bank of the James Financial Group by 33.1% during the first quarter. Vanguard Group Inc. now owns 192,585 shares of the financial services provider’s stock valued at $1,995,000 after acquiring an additional 47,895 shares in the last quarter. Fourthstone LLC increased its stake in shares of Bank of the James Financial Group by 27.7% during the 3rd quarter. Fourthstone LLC now owns 93,119 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 20,191 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Bank of the James Financial Group during the 3rd quarter valued at $1,018,000. Dimensional Fund Advisors LP lifted its stake in shares of Bank of the James Financial Group by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,852 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 8,556 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Bank of the James Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 938 shares in the last quarter. 18.50% of the stock is owned by hedge funds and other institutional investors.

Bank of the James Financial Group Price Performance

Bank of the James Financial Group stock opened at $15.67 on Monday. Bank of the James Financial Group, Inc. has a one year low of $9.65 and a one year high of $15.75. The company’s fifty day moving average price is $13.69 and its two-hundred day moving average price is $12.75. The company has a market capitalization of $71.61 million, a price-to-earnings ratio of 8.52 and a beta of 0.76.

Bank of the James Financial Group (NASDAQ:BOTJ) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.44 EPS for the quarter. Bank of the James Financial Group had a return on equity of 13.36% and a net margin of 14.46%. The business had revenue of $11.33 million for the quarter.

Bank of the James Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, November 22nd. Bank of the James Financial Group’s dividend payout ratio is 21.74%.

Bank of the James Financial Group 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.