Increase in Short Interest for Bank of the James Financial Group

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

Performance of Bank of the James Financial Group

During trading on Friday, shares of Bank of the James rose by $0.54, reaching a price of $14.00. The total trading volume for the day was 13,041 shares, significantly higher than the average volume of 7,661 shares. The company's market capitalization is approximately $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 has traded as low as $9.65 and as high as $17.05. Additionally, the company's fifty-day moving average price is $14.84, while the two-hundred-day moving average price is $13.73.

Bank of the James Financial Group recently reported its quarterly earnings on October 25th. For the quarter, the financial services provider showed earnings of $0.44 per share (EPS) with total revenue of $11.33 million. The company also noted a net margin of 14.46% and a return on equity of 13.36%.

Investments by Institutions

Several institutional investors have recently adjusted their holdings in Bank of the James Financial Group. Empowered Funds LLC increased its position in the company by 5.0% during the third quarter, now owning 19,642 shares worth approximately $270,000 following the addition of 938 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings by 46.8% in the second quarter, now possessing 26,852 shares valued at $302,000 after acquiring 8,556 additional shares. Inspire Investing LLC also initiated a new position in the third quarter valued at $1,018,000. Lastly, Fourthstone LLC boosted its stake by 27.7% during the same period, owning 93,119 shares worth about $1,279,000 after acquiring 20,191 shares. In total, 18.50% of Bank of the James’s stock is owned by institutional investors and hedge funds.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc. serves as the holding company for Bank of the James, which provides a range of retail and commercial banking services. Its client base includes individuals, businesses, associations, organizations, and government entities throughout Virginia, USA. Services offered include checking and savings accounts, individual retirement accounts, health savings accounts, and various time deposits, such as money market accounts and certificates of deposit.

Investment Considerations

Before making any investment in Bank of the James Financial Group, it is essential to conduct thorough research. Analysts currently rate the stock as a "Hold." However, top analysts suggest there may be better investment options available now.

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