Blue Ridge Bankshares (NASDAQ:BRBS) Stock Price Down 0.2% – Here’s Why

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)’s stock price were down 0.2% during mid-day trading on Monday . The company traded as low as $4.28 and last traded at $4.28. Approximately 208,796 shares traded hands during trading, an increase of 7% from the average daily volume of 194,498 shares. The stock had previously closed at $4.29.

Blue Ridge Bankshares Stock Performance

The firm’s 50 day moving average is $4.36 and its two-hundred day moving average is $4.07. The stock has a market capitalization of $391.57 million, a PE ratio of -6.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06.

Blue Ridge Bankshares Announces Dividend

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

Institutional Trading of Blue Ridge Bankshares

A number of large investors have recently made changes to their positions in BRBS. American Century Companies Inc. lifted its stake in Blue Ridge Bankshares by 57.8% in the first quarter. American Century Companies Inc. now owns 57,615 shares of the company’s stock worth $188,000 after acquiring an additional 21,104 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Blue Ridge Bankshares by 1,018.9% during the 1st quarter. Alliancebernstein L.P. now owns 4,414,787 shares of the company’s stock worth $14,392,000 after acquiring an additional 4,020,231 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Blue Ridge Bankshares by 43.5% during the first quarter. Goldman Sachs Group Inc. now owns 269,139 shares of the company’s stock worth $877,000 after purchasing an additional 81,573 shares during the last quarter. Jane Street Group LLC boosted its holdings in Blue Ridge Bankshares by 41.7% in the first quarter. Jane Street Group LLC now owns 214,970 shares of the company’s stock valued at $701,000 after purchasing an additional 63,284 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. purchased a new position in Blue Ridge Bankshares in the second quarter valued at approximately $98,000. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Ridge Bankshares

Blue Ridge Bankshares, Inc is a bank holding company headquartered in Fort Valley, Virginia. Through its wholly owned subsidiary, Blue Ridge Bank, it offers a comprehensive suite of commercial and consumer banking services to individuals, businesses and agricultural clients. The company emphasizes a relationship-driven approach, leveraging local knowledge to deliver customized financial solutions.

Its product lineup includes deposit offerings such as checking, savings and money market accounts, as well as certificates of deposit.