Blue Ridge Bankshares (NASDAQ:BRBS) Shares Down 1.8% – Here’s What Happened

Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) fell 1.8% during mid-day trading on Monday . The stock traded as low as $3.35 and last traded at $3.36. 201,200 shares were traded during trading, a decline of 35% from the average session volume of 311,199 shares. The stock had previously closed at $3.42.

Blue Ridge Bankshares Trading Down 1.8%

The company has a market capitalization of $306.90 million, a price-to-earnings ratio of -5.25 and a beta of 0.82. The firm has a 50-day moving average price of $3.91 and a 200-day moving average price of $4.19. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Blue Ridge Bankshares Announces Dividend

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

Hedge Funds Weigh In On Blue Ridge Bankshares

Several hedge funds have recently modified their holdings of BRBS. Goldman Sachs Group Inc. increased its position in shares of Blue Ridge Bankshares by 43.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 269,139 shares of the company’s stock valued at $877,000 after purchasing an additional 81,573 shares during the period. Jane Street Group LLC boosted its stake in shares of Blue Ridge Bankshares by 41.7% during the 1st quarter. Jane Street Group LLC now owns 214,970 shares of the company’s stock worth $701,000 after acquiring an additional 63,284 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Blue Ridge Bankshares by 166.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,218,285 shares of the company’s stock worth $4,374,000 after acquiring an additional 760,305 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Ridge Bankshares by 66.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 88,243 shares of the company’s stock worth $317,000 after acquiring an additional 35,297 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Blue Ridge Bankshares during the 2nd quarter worth $220,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

About Blue Ridge Bankshares

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.