Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Free Report) by 17,881.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558,872 shares of the company’s stock after purchasing an additional 555,764 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Blue Ridge Bankshares were worth $2,386,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of BRBS. BNP Paribas Financial Markets grew its position in shares of Blue Ridge Bankshares by 436.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock worth $27,000 after buying an additional 6,048 shares during the last quarter. Polymer Capital Management HK LTD bought a new position in shares of Blue Ridge Bankshares during the third quarter valued at approximately $44,000. Schonfeld Strategic Advisors LLC purchased a new stake in Blue Ridge Bankshares in the third quarter worth $61,000. The Manufacturers Life Insurance Company purchased a new stake in Blue Ridge Bankshares in the second quarter worth $85,000. Finally, Salomon & Ludwin LLC boosted its holdings in Blue Ridge Bankshares by 2,002.4% in the fourth quarter. Salomon & Ludwin LLC now owns 21,276 shares of the company’s stock valued at $91,000 after acquiring an additional 20,264 shares in the last quarter. Hedge funds and other institutional investors own 50.48% of the company’s stock.
Blue Ridge Bankshares Price Performance
Shares of Blue Ridge Bankshares stock opened at $3.28 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $3.68 and its two-hundred day simple moving average is $4.07. The company has a market cap of $294.91 million, a P/E ratio of -5.13 and a beta of 0.82. Blue Ridge Bankshares, Inc. has a 12-month low of $3.22 and a 12-month high of $4.78.
Blue Ridge Bankshares Announces Dividend
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.
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