Blue Ridge Bankshares (NASDAQ:BRBS) Posts Earnings Results

Blue Ridge Bankshares (NASDAQ:BRBS) announced its quarterly earnings results on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, reports. The company had revenue of $28.17 million during the quarter. Blue Ridge Bankshares had a negative net margin of 35.41% and a negative return on equity of 34.74%.

Blue Ridge Bankshares Stock Performance

Shares of BRBS opened at $2.52 on Thursday. The company has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $2.80. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.69. Blue Ridge Bankshares has a 52-week low of $2.05 and a 52-week high of $9.75.

Hedge Funds Weigh In On Blue Ridge Bankshares

A number of large investors have recently made changes to their positions in the stock. Graves Light Lenhart Wealth Inc. purchased a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at about $42,000. SG Americas Securities LLC purchased a new position in Blue Ridge Bankshares during the 4th quarter valued at about $31,000. Simplicity Wealth LLC purchased a new position in Blue Ridge Bankshares during the 4th quarter valued at about $37,000. DAVENPORT & Co LLC purchased a new position in Blue Ridge Bankshares during the 4th quarter valued at about $40,000. Finally, Great Lakes Advisors LLC purchased a new position in Blue Ridge Bankshares during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 50.48% of the company’s stock.

About Blue Ridge Bankshares

Blue Ridge Bankshares, Inc operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through: Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.