Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Sees a 20.4% Rise

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) experienced a notable rise in short interest during December. By December 31st, the total short interest reached 5,900 shares, marking a 20.4% increase from the 4,900 shares recorded on December 15th. With an average daily trading volume of 7,300 shares, the current short-interest ratio stands at 0.8 days. At this moment, only 0.2% of the company’s stock is sold short.

Bank of the James Financial Group Sees Stock Increase of 4.0%

On Friday, shares of BOTJ rose by $0.54, bringing the price to $14.00. The trading volume for the day was 13,041 shares, significantly higher than its average volume of 7,661 shares. Bank of the James Financial Group holds a market capitalization of $63.98 million, with a price-to-earnings (PE) ratio of 7.61 and a beta of 0.79. Over the past year, the stock hit a low of $9.65 and a high of $17.05. Its current fifty-day moving average price is $14.84, and its two-hundred-day moving average price is $13.73.

Bank of the James Financial Group last reported its quarterly earnings on Friday, October 25th. During this quarter, the financial services provider achieved an earnings per share (EPS) of $0.44, with total revenue amounting to $11.33 million. The company posted a net margin of 14.46% and a return on equity of 13.36%.

Investments by Institutional Investors

In recent evaluations, multiple hedge funds have either increased or decreased their stakes in BOTJ. For instance, Empowered Funds LLC raised its position in Bank of the James Financial Group by 5.0% during the third quarter. It now owns 19,642 shares worth $270,000 following an additional purchase of 938 shares last quarter. Similarly, Dimensional Fund Advisors LP increased its holdings by 46.8% in the second quarter, owning 26,852 shares valued at $302,000 after buying an extra 8,556 shares. Inspire Investing LLC also entered a new position, valued at $1,018,000 during the third quarter. Additionally, Fourthstone LLC increased its stake by 27.7%, presently owning 93,119 shares worth $1,279,000 after acquiring an extra 20,191 shares in the last quarter. Overall, institutional investors and hedge funds collectively own 18.50% of the stock.

Overview of Bank of the James Financial Group

Bank of the James Financial Group, Inc. operates as a bank holding company for Bank of the James. The company provides general retail and commercial banking services to individuals, businesses, associations, governmental authorities, and other organizations throughout Virginia, USA. Its services include checking and savings accounts, individual retirement accounts, health care savings, money market accounts, and certificates of deposit.

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This information has been summarized to provide a quick understanding of recent developments in Bank of the James Financial Group and market performance.

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