Banc Funds Co. LLC Cuts Stake in Bank of the James Financial Group to $316,000

Banc Funds Co. LLC has significantly reduced its holdings in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) by 62.5% during the third quarter, as per their latest filing with the Securities and Exchange Commission (SEC). Following this sale, the fund now holds 23,029 shares of the financial services provider, down from an earlier total where they sold 38,346 shares. At the end of the last reporting period, Banc Funds Co. LLC's stake in Bank of the James was valued at approximately $316,000, representing around 0.50% of the company's stock.

Recent activity from other institutional investors has also been observed. For instance, Vanguard Group Inc. has increased its position in Bank of the James Financial Group by 33.1% in the first quarter, bringing its total ownership to 192,585 shares worth about $1,995,000, after acquiring an additional 47,895 shares. Additionally, Fourthstone LLC raised its stake by 27.7% during the third quarter, now owning 93,119 shares valued at $1,279,000. Inspire Investing LLC entered a new position in Bank of the James valued at approximately $1,018,000 in the same quarter. Dimensional Fund Advisors LP also increased its holdings by 46.8% in the second quarter, owning 26,852 shares worth $302,000 after an additional purchase of 8,556 shares. Moreover, Empowered Funds LLC boosted its holdings by 5.0% in the third quarter, raising its ownership to 19,642 shares valued at $270,000. In total, hedge funds and institutional investors control about 18.50% of the company’s stock.

Stock Performance of Bank of the James Financial Group

As of Monday, Bank of the James Financial Group stock was priced at $15.67. The company has experienced a yearly low of $9.65 and a high of $15.75. Its fifty-day moving average is $13.69, while the two-hundred day moving average stands at $12.75. Bank of the James Financial Group maintains a market capitalization of $71.61 million and has a price-to-earnings ratio of 8.52, with a beta value of 0.76.

On October 25th, Bank of the James Financial Group released its quarterly earnings report, which showed an earnings per share (EPS) of $0.44. The financial provider has a return on equity of 13.36% and a net margin of 14.46%, with total revenue reported at $11.33 million for the quarter.

Dividend Declaration by Bank of the James Financial Group

Recently, the company announced a quarterly dividend to be paid out on December 6th. Shareholders recorded on November 22nd will receive a dividend of $0.10 per share, translating to an annualized dividend of $0.40 and a yield of 2.55%. The ex-dividend date for this payment is also set for November 22nd. The dividend payout ratio for Bank of the James Financial Group stands at 21.74%.

Overview of Bank of the James Financial Group

Bank of the James Financial Group, Inc. operates as the bank holding company for Bank of the James, offering a variety of retail and commercial banking services within Virginia and beyond. The bank provides its customers with checking accounts, savings accounts, individual retirement accounts (IRAs), health care savings accounts, and other time deposit options, including money market accounts and certificates of deposit.

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