Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Get Free Report) rose 0.3% during trading on Friday . The company traded as high as $3.45 and last traded at $3.43. 169,167 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 310,324 shares. The stock had previously closed at $3.42.
Blue Ridge Bankshares Stock Up 0.3%
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 market capitalization of $308.40 million, a PE ratio of -5.36 and a beta of 0.78. The business’s 50-day simple moving average is $3.37 and its 200-day simple moving average is $3.85.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position 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 worth $27,000 after purchasing an additional 6,048 shares during the period. MV Capital Management Inc. acquired a new position in shares of Blue Ridge Bankshares in the 4th quarter valued at about $28,000. Polymer Capital Management HK LTD acquired a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at about $44,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Ridge Bankshares in the third quarter worth about $61,000. Finally, &PARTNERS acquired a new stake in Blue Ridge Bankshares during the fourth quarter worth about $67,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.
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.
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