Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Get Free Report) dropped 1.5% during mid-day trading on Monday. The stock traded as low as $4.00 and last traded at $4.01. 1,141,170 shares traded hands during trading, an increase of 105% from the average session volume of 558,026 shares. The stock had previously closed at $4.07.
Blue Ridge Bankshares Stock Performance
The stock has a fifty day simple moving average of $3.93 and a 200-day simple moving average of $3.81. The stock has a market cap of $359.65 million, a P/E ratio of -6.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06.
Institutional Investors Weigh In On Blue Ridge Bankshares
Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in shares of Blue Ridge Bankshares by 961.7% in the third quarter. Farther Finance Advisors LLC now owns 11,201 shares of the company’s stock valued at $43,000 after buying an additional 10,146 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Blue Ridge Bankshares by 16.3% during the 2nd quarter. NewEdge Advisors LLC now owns 174,238 shares of the company’s stock worth $615,000 after acquiring an additional 24,384 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Blue Ridge Bankshares during the 2nd quarter worth approximately $228,000. Raffles Associates LP bought a new stake in Blue Ridge Bankshares in the 2nd quarter valued at $40,000. Finally, Blue Edge Capital LLC bought a new stake in Blue Ridge Bankshares in the 2nd quarter valued at $538,000. Institutional investors own 50.48% of the company’s stock.
About Blue Ridge Bankshares
Blue Ridge Bankshares, Inc is a bank holding company headquartered in Luray, Virginia. Through its subsidiary, Blue Ridge Bank, the company provides community banking services to individuals, businesses and organizations in Virginia.
Its products and services include deposit accounts, consumer and commercial lending, residential and commercial real estate loans, mortgage services, online and mobile banking, cash-management solutions and other traditional banking products. The bank has also offered specialized services for small businesses and financial technology companies.
Blue Ridge Bank traces its roots to the Shenandoah Valley and has expanded its presence across several Virginia markets, including the Shenandoah Valley, Central Virginia and the greater Richmond area.
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