Blue Ridge Bankshares, Inc. $BRBS Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 17,881.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 558,872 shares of the company’s stock after buying an additional 555,764 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Blue Ridge Bankshares were worth $2,386,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Graham Capital Wealth Management LLC lifted its holdings in shares of Blue Ridge Bankshares by 21.0% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 1,011,851 shares of the company’s stock worth $4,280,000 after acquiring an additional 175,955 shares during the last quarter. Algebris UK Ltd. bought a new stake in Blue Ridge Bankshares during the 4th quarter valued at about $5,307,000. Bridgeway Capital Management LLC lifted its holdings in Blue Ridge Bankshares by 1.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 193,976 shares of the company’s stock valued at $696,000 after buying an additional 3,612 shares in the last quarter. Bank of America Corp DE lifted its holdings in Blue Ridge Bankshares by 67.7% during the 2nd quarter. Bank of America Corp DE now owns 49,860 shares of the company’s stock valued at $179,000 after buying an additional 20,133 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Blue Ridge Bankshares during the 2nd quarter valued at about $126,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Trading Up 1.2%

Shares of BRBS opened at $3.32 on Friday. Blue Ridge Bankshares, Inc. has a 1-year low of $3.22 and a 1-year high of $4.78. The company has a 50-day moving average of $3.56 and a 200 day moving average of $4.01. The firm has a market capitalization of $298.51 million, a price-to-earnings ratio of -5.19 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05.

Blue Ridge Bankshares Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 13th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, April 13th. Blue Ridge Bankshares’s dividend payout ratio (DPR) is presently 2,000.00%.

Blue Ridge Bankshares 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.