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

Key Points

• Short interest surged 86.5% to 27,043 shares as of October 15, representing 0.7% of BOTJ’s outstanding stock and 0.7 days of average trading volume.
• Institutional investors own 18.5% of the company, with new positions from Susquehanna International Group, Empowered Funds, and BlackRock, while Daytona Street Capital increased its stake by 12.2%.
• Bank of the James reported quarterly EPS of $0.73 on $13.90 million in revenue, with a 17.72% net margin and 14.30% return on equity; analysts maintain a consensus “Buy” rating despite some recent rating downgrades.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 27,043 shares, an increase of 86.5% from the September 30th total of 14,501 shares. Based on an average daily volume of 41,051 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company's stock are short sold.

Institutional Trading of Bank of the James Financial Group

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in shares of Bank of the James Financial Group in the 2nd quarter valued at approximately $895,000. Empowered Funds LLC acquired a new stake in Bank of the James Financial Group in the 2nd quarter worth approximately $630,000. BlackRock Inc. acquired a new stake in Bank of the James Financial Group in the 2nd quarter worth approximately $618,000. Daytona Street Capital LLC lifted its holdings in Bank of the James Financial Group by 12.2% in the 3rd quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider's stock worth $2,451,000 after purchasing an additional 9,644 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Bank of the James Financial Group during the third quarter worth approximately $46,000. Institutional investors own 18.50% of the company's stock.

Bank of the James Financial Group Trading Up 0.4%

Bank of the James Financial Group stock opened at $23.76 on Friday. The company has a market capitalization of $107.87 million, a P/E ratio of 8.97 and a beta of 0.19. The firm's fifty day simple moving average is $27.25 and its 200-day simple moving average is $23.98. Bank of the James Financial Group has a 1-year low of $16.20 and a 1-year high of $30.84.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last posted its earnings results on Friday, October 30th. The financial services provider reported $0.73 EPS for the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%. The firm had revenue of $13.90 million for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Bank of the James Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings cut Bank of the James Financial Group from a "buy (a)" rating to a "buy (b+)" rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

About Bank of the James Financial Group

Bank of the James Financial Group, Inc is a bank holding company headquartered in Lynchburg, Virginia. Through its principal subsidiary, Bank of the James, the company provides community banking services to individuals, businesses and organizations in Central Virginia and surrounding markets.

Bank of the James offers deposit accounts, commercial and residential real estate lending, consumer loans, business loans, mortgage services and other traditional banking products. The bank also provides treasury management and cash-management services designed to support commercial customers, along with online and mobile banking capabilities for personal and business clients.

Founded in 1999, Bank of the James has developed a regional branch network and emphasizes relationship-based banking and local decision-making.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.