Algebris UK Ltd. Takes $5.31 Million Position in Blue Ridge Bankshares, Inc. $BRBS

Algebris UK Ltd. acquired a new stake in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,242,328 shares of the company’s stock, valued at approximately $5,307,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Blue Ridge Bankshares by 436.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock valued at $27,000 after acquiring an additional 6,048 shares in the last quarter. Polymer Capital Management HK LTD bought a new stake in Blue Ridge Bankshares in the 3rd quarter valued at $44,000. Schonfeld Strategic Advisors LLC bought a new stake in Blue Ridge Bankshares in the 3rd quarter valued at $61,000. The Manufacturers Life Insurance Company bought a new stake in Blue Ridge Bankshares in the 2nd quarter valued at $85,000. Finally, Salomon & Ludwin LLC lifted its stake in Blue Ridge Bankshares by 2,002.4% in the 4th quarter. Salomon & Ludwin LLC now owns 21,276 shares of the company’s stock valued at $91,000 after acquiring an additional 20,264 shares in the last quarter. Institutional investors own 50.48% of the company’s stock.

Blue Ridge Bankshares Trading Up 1.2%

NASDAQ BRBS opened at $3.29 on Thursday. The stock’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $4.10. 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, Inc. has a 52 week low of $3.24 and a 52 week high of $4.78. The stock has a market capitalization of $295.81 million, a price-to-earnings ratio of -5.14 and a beta of 0.82.

Blue Ridge Bankshares Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, April 13th. Blue Ridge Bankshares’s payout ratio is 2,000.00%.

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.