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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,900 shares, an increase of 45.0% from the August 15th total of 2,000 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s shares are sold short.

Separately, ValuEngine downgraded Bank of the James Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th.

Shares of NASDAQ:BOTJ opened at $10.25 on Wednesday. Bank of the James Financial Group has a 1 year low of $8.00 and a 1 year high of $16.15. The company has a market cap of $45.17 million, a PE ratio of 9.38 and a beta of 1.07. The stock’s 50-day moving average is $10.45 and its 200 day moving average is $10.19.

Bank of the James Financial Group (NASDAQ:BOTJ) last announced its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Bank of the James Financial Group had a return on equity of 7.69% and a net margin of 12.32%. The company had revenue of $8.71 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 2.73%.

A number of large investors have recently made changes to their positions in BOTJ. Basswood Capital Management L.L.C. grew its holdings in shares of Bank of the James Financial Group by 0.6% during the 1st quarter. Basswood Capital Management L.L.C. now owns 419,824 shares of the financial services provider’s stock worth $3,673,000 after acquiring an additional 2,669 shares during the period. BHZ Capital Management LP grew its holdings in shares of Bank of the James Financial Group by 35.3% during the 2nd quarter. BHZ Capital Management LP now owns 16,502 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 4,308 shares during the period. Finally, Banc Funds Co. LLC grew its holdings in shares of Bank of the James Financial Group by 20.4% during the 2nd quarter. Banc Funds Co. LLC now owns 215,934 shares of the financial services provider’s stock worth $2,041,000 after acquiring an additional 36,565 shares during the period. Institutional investors own 31.62% of the company’s stock.

Bank of the James Financial Group Company 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. It accepts checking, savings, and individual retirement accounts, as well as other time deposits, including money market accounts and certificates of deposit.

Featured Story: Most Volatile Stocks

Receive News & Ratings for Bank of the James Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of the James Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.