29,486 Shares in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,486 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new position in Blue Ridge Bankshares in the fourth quarter worth about $34,000. Boothbay Fund Management LLC acquired a new position in Blue Ridge Bankshares in the fourth quarter worth about $41,000. Wells Fargo & Company MN acquired a new position in Blue Ridge Bankshares in the fourth quarter worth about $42,000. Dynamic Technology Lab Private Ltd acquired a new position in Blue Ridge Bankshares in the fourth quarter worth about $43,000. Finally, Tower Research Capital LLC TRC raised its position in Blue Ridge Bankshares by 3,602.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,362 shares of the company’s stock worth $59,000 after purchasing an additional 17,866 shares in the last quarter. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Performance

NASDAQ BRBS opened at $3.47 on Friday. The firm has a market cap of $316.39 million, a price-to-earnings ratio of -5.42 and a beta of 0.80. The company has a 50 day moving average of $3.30 and a 200-day moving average of $3.36. 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, Inc. has a 1-year low of $2.45 and a 1-year high of $3.83.

Insider Transactions at Blue Ridge Bankshares

In other news, Director Carolyn J. Woodruff sold 8,924 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $3.75, for a total transaction of $33,465.00. Following the completion of the sale, the director now owns 138,179 shares of the company’s stock, valued at approximately $518,171.25. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.92% of the company’s stock.

Blue Ridge Bankshares Company Profile

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.