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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,016 shares, an increase of 84.0% from the June 30th total of 5,988 shares. Based on an average daily trading volume, of 24,162 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on BOTJ shares. Wall Street Zen raised shares of Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bank of the James Financial Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Trading of Bank of the James Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Bank of the James Financial Group in the second quarter valued at approximately $27,000. LPL Financial LLC acquired a new position in Bank of the James Financial Group during the fourth quarter valued at approximately $266,000. Empowered Funds LLC grew its stake in Bank of the James Financial Group by 7.8% during the first quarter. Empowered Funds LLC now owns 22,211 shares of the financial services provider’s stock worth $328,000 after buying an additional 1,613 shares during the period. Dimensional Fund Advisors LP grew its stake in Bank of the James Financial Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after buying an additional 731 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of Bank of the James Financial Group by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

Bank of the James Financial Group Trading Down 2.1%

Shares of BOTJ opened at $27.04 on Friday. Bank of the James Financial Group has a twelve month low of $13.38 and a twelve month high of $29.79. The firm has a market capitalization of $122.84 million, a P/E ratio of 10.69 and a beta of 0.17. The stock’s fifty day simple moving average is $25.06 and its 200 day simple moving average is $22.39.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.46% and a net margin of 17.72%.

Bank of the James Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Bank of the James Financial Group’s payout ratio is currently 15.81%.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc is the bank holding company for The Bank of the James, a Virginia-chartered commercial bank headquartered in Lynchburg, Virginia. Established in the early 20th century, the organization has developed a reputation for community banking with a focus on personalized service. As a NASDAQ-listed entity under the ticker BOTJ, the holding company oversees a network of full-service branches throughout Central and Southwestern Virginia.

The Bank of the James offers a comprehensive suite of consumer and commercial banking solutions.