Blue Ridge Bankshares, Inc. $BRBS Shares Acquired by Azora Capital LP

Azora Capital LP lifted its stake in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 49.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,405,906 shares of the company’s stock after purchasing an additional 1,454,521 shares during the period. Azora Capital LP owned approximately 4.78% of Blue Ridge Bankshares worth $15,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Blue Ridge Bankshares by 43.5% during the first quarter. Goldman Sachs Group Inc. now owns 269,139 shares of the company’s stock valued at $877,000 after acquiring an additional 81,573 shares during the period. Alliancebernstein L.P. boosted its stake in Blue Ridge Bankshares by 1,018.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,414,787 shares of the company’s stock worth $14,392,000 after purchasing an additional 4,020,231 shares during the period. Elizabeth Park Capital Advisors Ltd. grew its position in Blue Ridge Bankshares by 50.3% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 1,207,446 shares of the company’s stock worth $3,936,000 after purchasing an additional 404,000 shares in the last quarter. Graham Capital Wealth Management LLC raised its stake in Blue Ridge Bankshares by 9.1% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 835,896 shares of the company’s stock valued at $3,001,000 after purchasing an additional 69,574 shares during the period. Finally, Blue Edge Capital LLC raised its stake in Blue Ridge Bankshares by 30.0% during the 1st quarter. Blue Edge Capital LLC now owns 130,000 shares of the company’s stock valued at $424,000 after purchasing an additional 30,000 shares during the period. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Performance

Shares of Blue Ridge Bankshares stock opened at $4.34 on Wednesday. Blue Ridge Bankshares, Inc. has a 12 month low of $2.92 and a 12 month high of $4.78. 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 stock has a market cap of $397.06 million, a PE ratio of -6.78 and a beta of 0.84. The business has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $3.94.

Blue Ridge Bankshares Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 7th. Blue Ridge Bankshares’s dividend payout ratio (DPR) is presently 1,633.33%.

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.