SCHEDULE: Pettyjohn, Wood & White Reports 4.9% Stake in Bank of the James

Pettyjohn, Wood & White, Inc. has filed a Schedule 13G, reporting beneficial ownership of 224,259 shares, representing 4.9% of the common stock of Bank of the James Financial Group Inc.

Summary

• Pettyjohn, Wood & White, Inc. has filed an amendment to its Schedule 13G, indicating a beneficial ownership of 224,259 shares of Bank of the James Financial Group Inc. common stock.
• This holding represents 4.9% of the total class of securities.
• The filing is dated March 31, 2026, with the certification signed on May 15, 2026.
• Pettyjohn, Wood & White, Inc. has sole voting power and sole dispositive power over these shares.
• The company certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of beneficial ownership without any indication of positive or negative performance or strategic shifts.

Positives

• Pettyjohn, Wood & White, Inc. holds a significant stake of 4.9% in Bank of the James Financial Group Inc., indicating investor confidence.
• The filing confirms sole voting and dispositive power, suggesting clear control over their investment.

Risks

• The filing does not explicitly mention any risks. However, any investment in a financial institution carries inherent market and regulatory risks.
• Concentration of ownership by a single entity could potentially lead to influence over corporate decisions, which might not always align with other shareholders' interests.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of current ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders in the financial services sector, indicating passive investment or a desire to monitor a company's performance. Pettyjohn, Wood & White, Inc.'s filing positions them as a notable shareholder in Bank of the James Financial Group Inc.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant shareholder's stake, which can influence market perception.
• Management: The certification by Pettyjohn, Wood & White, Inc. assures that their investment is not intended to influence control, which is a standard assurance for passive investors.

Next Steps

• Pettyjohn, Wood & White, Inc. will continue to hold its shares in Bank of the James Financial Group Inc. and will be required to file amendments to this Schedule 13G if its beneficial ownership changes by more than 5%.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Bank of the James Financial Group Inc., Pettyjohn, Wood & White, Inc., Common Stock, SEC Filing, Investment, Financial Institution