Strs Ohio purchased a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 37,100 shares of the company’s stock, valued at approximately $328,000. Strs Ohio owned 0.20% of Blue Ridge Bankshares as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in Blue Ridge Bankshares by 533.1% during the 4th quarter. Barclays PLC now owns 4,571 shares of the company’s stock worth $57,000 after buying an additional 3,849 shares during the period. UBS Group AG acquired a new position in Blue Ridge Bankshares during the 4th quarter worth approximately $59,000. Captrust Financial Advisors raised its stake in shares of Blue Ridge Bankshares by 603.7% in the first quarter. Captrust Financial Advisors now owns 5,278 shares of the company’s stock worth $80,000 after purchasing an additional 4,528 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Blue Ridge Bankshares by 41.2% in the first quarter. Deutsche Bank AG now owns 10,158 shares of the company’s stock worth $104,000 after purchasing an additional 2,963 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Blue Ridge Bankshares by 10.5% in the fourth quarter. JPMorgan Chase & Co. now owns 10,291 shares of the company’s stock worth $128,000 after purchasing an additional 976 shares during the last quarter. 38.33% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, TheStreet downgraded Blue Ridge Bankshares from a “c” rating to a “d+” rating in a research note on Monday, July 31st.
Blue Ridge Bankshares Stock Performance
Shares of Blue Ridge Bankshares stock opened at $3.17 on Wednesday. The company has a market cap of $60.83 million, a PE ratio of -6.67 and a beta of 0.59. Blue Ridge Bankshares, Inc. has a 52 week low of $2.75 and a 52 week high of $13.95. The business has a 50 day moving average price of $5.57 and a 200-day moving average price of $7.63. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.40.
Blue Ridge Bankshares (NASDAQ:BRBS – Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The company reported ($1.03) EPS for the quarter. The company had revenue of $30.14 million during the quarter. Blue Ridge Bankshares had a negative return on equity of 3.53% and a negative net margin of 4.68%.
Blue Ridge Bankshares 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.
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