Blue Ridge Bankshares (NASDAQ:BRBS) Shares Up 0.3% – What’s Next?

Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) were up 0.3% on Friday . The stock traded as high as $3.54 and last traded at $3.51. 217,890 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 306,794 shares. The stock had previously closed at $3.50.

Blue Ridge Bankshares Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market cap of $315.59 million, a PE ratio of -5.48 and a beta of 0.78. The business has a 50 day moving average price of $3.41 and a two-hundred day moving average price of $3.76.

Institutional Investors Weigh In On Blue Ridge Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRBS. Azora Capital LP grew its holdings in Blue Ridge Bankshares by 10.5% in the 4th quarter. Azora Capital LP now owns 4,937,973 shares of the company’s stock worth $21,085,000 after acquiring an additional 469,316 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Blue Ridge Bankshares by 17,881.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 558,872 shares of the company’s stock valued at $2,386,000 after acquiring an additional 555,764 shares during the last quarter. Algebris UK Ltd. bought a new position in shares of Blue Ridge Bankshares during the fourth quarter valued at about $5,307,000. Salomon & Ludwin LLC boosted its holdings in shares of Blue Ridge Bankshares by 2,002.4% during the fourth quarter. Salomon & Ludwin LLC now owns 21,276 shares of the company’s stock worth $91,000 after purchasing an additional 20,264 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Blue Ridge Bankshares during the second quarter worth about $85,000. 50.48% of the stock is currently owned by institutional investors.

Blue Ridge Bankshares Company 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.