JPMorgan Chase & Co. Acquires 75,709 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

JPMorgan Chase & Co. grew its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 17,128.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,151 shares of the company’s stock after purchasing an additional 75,709 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of Blue Ridge Bankshares worth $245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings in Blue Ridge Bankshares by 124.4% during the 4th quarter. LPL Financial LLC now owns 24,060 shares of the company’s stock valued at $77,000 after acquiring an additional 13,339 shares during the period. Virtu Financial LLC purchased a new position in shares of Blue Ridge Bankshares in the fourth quarter valued at $79,000. American Century Companies Inc. bought a new stake in shares of Blue Ridge Bankshares during the 4th quarter valued at $118,000. Charles Schwab Investment Management Inc. purchased a new stake in Blue Ridge Bankshares during the 4th quarter worth about $131,000. Finally, State Street Corp boosted its stake in Blue Ridge Bankshares by 26.9% in the 3rd quarter. State Street Corp now owns 72,645 shares of the company’s stock worth $203,000 after purchasing an additional 15,400 shares during the period. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

Blue Ridge Bankshares Trading Up 1.7 %

Shares of BRBS opened at $3.54 on Friday. Blue Ridge Bankshares, Inc. has a twelve month low of $2.45 and a twelve month high of $3.83. The stock has a market cap of $310.76 million, a PE ratio of -5.53 and a beta of 0.80. 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 200-day moving average price is $3.32.

Insider Buying and Selling

In other Blue Ridge Bankshares news, Director Carolyn J. Woodruff sold 8,924 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $3.75, for a total value of $33,465.00. Following the transaction, the director now directly owns 138,179 shares in the company, valued at $518,171.25. This represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.08% of the stock is currently owned by insiders.

About Blue Ridge Bankshares

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.