Azora Capital LP Buys 469,316 Shares of Blue Ridge Bankshares, Inc. $BRBS

Azora Capital LP boosted its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 10.5% during the 4th quarter, Holdings Channel reports. The fund owned 4,937,973 shares of the company’s stock after buying an additional 469,316 shares during the period. Blue Ridge Bankshares comprises about 1.3% of Azora Capital LP’s portfolio, making the stock its 22nd largest position. Azora Capital LP owned approximately 0.05% of Blue Ridge Bankshares worth $21,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRBS. Alliancebernstein L.P. lifted its position in Blue Ridge Bankshares by 2.6% during the second quarter. Alliancebernstein L.P. now owns 4,528,091 shares of the company’s stock valued at $16,256,000 after acquiring an additional 113,304 shares during the last quarter. Wellington Management Group LLP boosted its stake in Blue Ridge Bankshares by 92.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,327,400 shares of the company’s stock worth $18,305,000 after purchasing an additional 2,083,852 shares in the last quarter. Vanguard Group Inc. boosted its stake in Blue Ridge Bankshares by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,959,124 shares of the company’s stock worth $12,517,000 after purchasing an additional 172,742 shares in the last quarter. Geode Capital Management LLC boosted its stake in Blue Ridge Bankshares by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,286,411 shares of the company’s stock worth $5,494,000 after purchasing an additional 34,772 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new stake in Blue Ridge Bankshares in the 4th quarter worth approximately $5,307,000. 50.48% of the stock is currently owned by institutional investors.

Blue Ridge Bankshares Stock Up 1.2%

BRBS stock opened at $3.31 on Thursday. The firm has a 50 day moving average of $3.44 and a 200 day moving average of $3.96. The stock has a market capitalization of $297.61 million, a PE ratio of -5.17 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Blue Ridge Bankshares, Inc. has a 52 week low of $3.22 and a 52 week high of $4.78.

Blue Ridge Bankshares Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, April 13th. Blue Ridge Bankshares’s payout ratio is presently 2,000.00%.

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.