Bank of the James Financial Group, Inc. (NASDAQ:BOTJ – Get Free Report) was the recipient of a large increase in short interest in 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 shares of the company are short sold.
Hedge Funds Weigh In On Bank of the James Financial Group
A number of large investors have recently modified their holdings of BOTJ. Mirae Asset Global Investments Co. Ltd. bought a new position in Bank of the James Financial Group in the 3rd quarter valued at about $46,000. Daytona Street Capital LLC increased its holdings in Bank of the James Financial Group by 12.2% during 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 in the last quarter. Susquehanna International Group LLP bought a new stake in Bank of the James Financial Group during the 2nd quarter worth approximately $895,000. Empowered Funds LLC purchased a new stake in shares of Bank of the James Financial Group in the second quarter worth approximately $630,000. Finally, BlackRock Inc. purchased a new stake in shares of Bank of the James Financial Group in the second quarter worth approximately $618,000. 18.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Wall Street Zen downgraded 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 research note on Thursday. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on Bank of the James Financial Group
Bank of the James Financial Group Trading Up 1.1%
Bank of the James Financial Group stock opened at $24.01 on Tuesday. The stock has a 50-day moving average price of $27.19 and a two-hundred day moving average price of $24.00. Bank of the James Financial Group has a 12 month low of $16.20 and a 12 month high of $30.84. The company has a market capitalization of $109.01 million, a PE ratio of 11.47 and a beta of 0.19.
Bank of the James Financial Group (NASDAQ:BOTJ – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $13.90 million during the quarter. Bank of the James Financial Group had a net margin of 17.72% and a return on equity of 14.30%.
Bank of the James Financial Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 20th. This is a boost from Bank of the James Financial Group’s previous quarterly dividend of $0.10. Bank of the James Financial Group’s dividend payout ratio is presently 15.81%.
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.
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