State Street Corp Has $203,000 Holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

State Street Corp boosted its stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,645 shares of the company’s stock after purchasing an additional 15,400 shares during the quarter. State Street Corp owned about 0.10% of Blue Ridge Bankshares worth $203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elizabeth Park Capital Advisors Ltd. acquired a new position in Blue Ridge Bankshares in the second quarter valued at about $2,097,000. Raffles Associates LP acquired a new position in Blue Ridge Bankshares in the third quarter valued at about $120,000. BlackBarn Capital Partners LP acquired a new position in Blue Ridge Bankshares in the second quarter valued at about $12,274,000. Banc Funds Co. LLC grew its position in Blue Ridge Bankshares by 79.5% in the third quarter. Banc Funds Co. LLC now owns 2,130,722 shares of the company’s stock valued at $5,966,000 after acquiring an additional 944,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Blue Ridge Bankshares in the third quarter valued at about $68,000. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Performance

Blue Ridge Bankshares stock opened at $3.37 on Friday. Blue Ridge Bankshares, Inc. has a 12-month low of $2.33 and a 12-month high of $3.69. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $3.30 and its two-hundred day moving average price is $2.94. The stock has a market cap of $247.75 million, a PE ratio of -3.70 and a beta of 0.81.

Blue Ridge Bankshares (NASDAQ:BRBS) last released its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Blue Ridge Bankshares had a negative return on equity of 7.44% and a negative net margin of 10.60%. The firm had revenue of $21.84 million for the quarter.

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.