Blue Ridge Bankshares (NASDAQ:BRBS) Stock Price Down 1.9%

Blue Ridge Bankshares, Inc. (NASDAQ:BRBSGet Rating) shares dropped 1.9% during trading on Monday . The stock traded as low as $12.88 and last traded at $13.00. Approximately 16,498 shares changed hands during trading, a decline of 62% from the average daily volume of 43,197 shares. The stock had previously closed at $13.25.

Blue Ridge Bankshares Stock Performance

The firm has a 50-day moving average price of $13.17 and a 200 day moving average price of $14.27. The firm has a market capitalization of $246.30 million, a PE ratio of 7.07 and a beta of 0.38. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.

Blue Ridge Bankshares (NASDAQ:BRBSGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.15 EPS for the quarter. The business had revenue of $36.65 million during the quarter. Blue Ridge Bankshares had a return on equity of 12.76% and a net margin of 19.88%.

Blue Ridge Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 24th were paid a $0.1225 dividend. This represents a $0.49 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, October 21st. Blue Ridge Bankshares’s payout ratio is currently 26.63%.

Institutional Trading of Blue Ridge Bankshares

Several hedge funds have recently modified their holdings of BRBS. Banc Funds Co. LLC raised its stake in shares of Blue Ridge Bankshares by 9.9% in the first quarter. Banc Funds Co. LLC now owns 1,177,277 shares of the company’s stock valued at $17,859,000 after acquiring an additional 106,196 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Blue Ridge Bankshares by 294.0% in the first quarter. Dimensional Fund Advisors LP now owns 85,333 shares of the company’s stock valued at $1,295,000 after acquiring an additional 63,673 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Blue Ridge Bankshares by 131.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 96,040 shares of the company’s stock valued at $1,471,000 after acquiring an additional 54,563 shares in the last quarter. Strs Ohio acquired a new stake in shares of Blue Ridge Bankshares in the second quarter valued at $576,000. Finally, LSV Asset Management raised its stake in shares of Blue Ridge Bankshares by 108.0% in the third quarter. LSV Asset Management now owns 57,591 shares of the company’s stock valued at $732,000 after acquiring an additional 29,904 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Company Profile

(Get Rating)

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.

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