Blue Ridge Bankshares (NASDAQ:BRBS) Trading 0.7% Higher – Here’s Why

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)’s stock price shot up 0.7% on Wednesday . The company traded as high as $4.36 and last traded at $4.29. 895,064 shares traded hands during mid-day trading, an increase of 376% from the average session volume of 188,077 shares. The stock had previously closed at $4.26.

Blue Ridge Bankshares Trading Up 0.7%

The stock has a market capitalization of $392.49 million, a price-to-earnings ratio of -6.70 and a beta of 0.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $4.34 and a two-hundred day moving average of $4.22.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC boosted its holdings in Blue Ridge Bankshares by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 193,976 shares of the company’s stock valued at $696,000 after acquiring an additional 3,612 shares during the period. AQR Capital Management LLC increased its stake in shares of Blue Ridge Bankshares by 20.4% in the fourth quarter. AQR Capital Management LLC now owns 21,425 shares of the company’s stock worth $91,000 after purchasing an additional 3,632 shares during the period. Blue Edge Capital LLC lifted its position in shares of Blue Ridge Bankshares by 2.7% during the 3rd quarter. Blue Edge Capital LLC now owns 152,514 shares of the company’s stock worth $645,000 after purchasing an additional 4,057 shares during the last quarter. Occudo Quantitative Strategies LP lifted its position in shares of Blue Ridge Bankshares by 20.1% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 34,659 shares of the company’s stock worth $147,000 after purchasing an additional 5,804 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Blue Ridge Bankshares by 436.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock valued at $27,000 after purchasing an additional 6,048 shares during the period. Institutional investors own 50.48% of the company’s stock.

Blue Ridge Bankshares Company Profile

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.