Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Decreases By 38.0%

Key Points

• Short interest fell 38.0% to 9,116 shares as of August 14, representing approximately 0.2% of BOTJ’s outstanding stock and just 0.2 days of average trading volume.
• Institutional investors made several additions and new purchases, including BlackRock, Raymond James Financial, LPL Financial, and Empowered Funds; institutions collectively own 18.5% of the company.
• BOTJ reported quarterly EPS of $0.71 on $13.73 million in revenue and declared a $0.10 quarterly dividend, equal to a $0.40 annualized payout and a 1.5% yield. Analyst sentiment remained positive overall, with a consensus “Buy” rating.

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ - Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,116 shares, a drop of 38.0% from the July 30th total of 14,695 shares. Based on an average daily volume of 47,939 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company's stock are sold short.

Institutional Trading of Bank of the James Financial Group

A number of institutional investors have recently made changes to their positions in BOTJ. Raymond James Financial Inc. bought a new position in Bank of the James Financial Group during the second quarter valued at approximately $27,000. LPL Financial LLC bought a new stake in Bank of the James Financial Group in the 4th quarter worth approximately $266,000. Empowered Funds LLC grew its position in 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 purchasing an additional 1,613 shares during the period. Bridgeway Capital Management LLC raised its stake 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 buying an additional 868 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Bank of the James Financial Group during the 2nd quarter valued at $618,000. Hedge funds and other institutional investors own 18.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BOTJ. Weiss Ratings raised Bank of the James Financial Group from a "hold (c)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Wall Street Zen cut Bank of the James Financial Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bank of the James Financial Group has a consensus rating of "Buy".

Bank of the James Financial Group Price Performance

Shares of NASDAQ BOTJ opened at $27.01 on Monday. The firm has a market cap of $122.71 million, a P/E ratio of 10.68 and a beta of 0.16. Bank of the James Financial Group has a twelve month low of $14.29 and a twelve month high of $29.79. The company has a 50 day moving average of $26.46 and a 200 day moving average of $23.57.

Bank of the James Financial Group (NASDAQ:BOTJ - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.71 EPS for the quarter. Bank of the James Financial Group had a return on equity of 14.30% and a net margin of 17.72%.The business had revenue of $13.73 million for the quarter.

Bank of the James Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 21st. Bank of the James Financial Group's dividend payout ratio (DPR) is presently 15.81%.

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.

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