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

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

Wall Street Analysts Forecast Growth

BOTJ has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of the James Financial Group in a research note on Friday, July 17th. Wall Street Zen upgraded Bank of the James Financial Group to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Bank of the James Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Bank of the James Financial Group in the second quarter worth about $27,000. LPL Financial LLC bought a new stake in shares of Bank of the James Financial Group during the 4th quarter valued at $266,000. Empowered Funds LLC grew its position in shares of Bank of the James Financial Group by 7.8% in the 1st 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. Bridgeway Capital Management LLC lifted its position in Bank of the James Financial Group by 2.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 36,238 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 868 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Bank of the James Financial Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 33,458 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 731 shares during the period. Hedge funds and other institutional investors own 18.50% of the company’s stock.

Bank of the James Financial Group Price Performance

BOTJ traded down $0.05 during midday trading on Thursday, reaching $27.74. 2,825 shares of the company’s stock traded hands, compared to its average volume of 12,574. Bank of the James Financial Group has a 52 week low of $13.38 and a 52 week high of $29.79. The firm has a fifty day moving average of $24.88 and a two-hundred day moving average of $22.29. The stock has a market capitalization of $125.92 million, a price-to-earnings ratio of 11.46 and a beta of 0.17.

Bank of the James Financial Group (NASDAQ:BOTJ) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 14.13% and a net margin of 17.17%.The firm had revenue of $12.70 million for the quarter.

Bank of the James Financial Group Company Profile

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.