Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Stock Short Interest Report for October

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 27,043 shares, a growth of 86.5% from the September 30th total of 14,501 shares. Based on an average daily trading volume, of 41,051 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BOTJ shares. Wall Street Zen lowered shares of Bank of the James Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Bank of the James Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Bank of the James Financial Group presently has a consensus rating of “Buy”.

Bank of the James Financial Group Stock Up 0.4%

Shares of NASDAQ:BOTJ opened at $23.76 on Friday. The business has a 50 day moving average price of $27.25 and a 200 day moving average price of $23.98. Bank of the James Financial Group has a twelve month low of $16.20 and a twelve month high of $30.84. The company has a market cap of $107.87 million, a price-to-earnings ratio of 8.97 and a beta of 0.19.

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

Institutional Trading of Bank of the James Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in shares of Bank of the James Financial Group during the second quarter valued at about $895,000. Empowered Funds LLC bought a new stake in shares of Bank of the James Financial Group in the second quarter valued at about $630,000. BlackRock Inc. acquired a new stake in Bank of the James Financial Group during the second quarter worth about $618,000. Daytona Street Capital LLC grew its position in Bank of the James Financial Group by 12.2% during the third quarter. Daytona Street Capital LLC now owns 88,722 shares of the financial services provider’s stock worth $2,451,000 after buying an additional 9,644 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Bank of the James Financial Group during the third quarter worth about $46,000. 18.50% of the stock is currently owned by institutional investors and hedge funds.

Bank of the James Financial Group Company Profile

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.