Blue Ridge Bankshares, Inc. $BRBS Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 17,881.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 558,872 shares of the company’s stock after purchasing an additional 555,764 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.61% of Blue Ridge Bankshares worth $2,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRBS. BNP Paribas Financial Markets increased its holdings in Blue Ridge Bankshares by 436.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock valued at $27,000 after purchasing an additional 6,048 shares in the last quarter. Polymer Capital Management HK LTD purchased a new position in Blue Ridge Bankshares in the third quarter valued at about $44,000. Schonfeld Strategic Advisors LLC purchased a new position in Blue Ridge Bankshares in the third quarter valued at about $61,000. Salomon & Ludwin LLC raised its position in Blue Ridge Bankshares by 2,002.4% in the fourth quarter. Salomon & Ludwin LLC now owns 21,276 shares of the company’s stock valued at $91,000 after purchasing an additional 20,264 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in Blue Ridge Bankshares in the second quarter valued at about $85,000. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Price Performance

BRBS stock opened at $3.32 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. Blue Ridge Bankshares, Inc. has a 1 year low of $3.22 and a 1 year high of $4.78. The firm has a market cap of $298.51 million, a P/E ratio of -5.19 and a beta of 0.80. The stock has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $4.01.

Blue Ridge Bankshares Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were paid a $0.60 dividend. The ex-dividend date was Monday, April 13th. Blue Ridge Bankshares’s dividend payout ratio (DPR) is 2,000.00%.

Blue Ridge Bankshares Profile

Blue Ridge Bankshares, Inc is a bank holding company headquartered in Fort Valley, Virginia. Through its wholly owned subsidiary, Blue Ridge Bank, it offers a comprehensive suite of commercial and consumer banking services to individuals, businesses and agricultural clients. The company emphasizes a relationship-driven approach, leveraging local knowledge to deliver customized financial solutions.

Its product lineup includes deposit offerings such as checking, savings and money market accounts, as well as certificates of deposit.