Blue Ridge Bankshares (NASDAQ:BRBS) Trading 0.7% Higher – What’s Next?

Blue Ridge Bankshares, Inc. (NASDAQ:BRBSGet Free Report) were up 0.7% during trading on Wednesday . The stock traded as high as $4.36 and last traded at $4.29. Approximately 895,064 shares traded hands during mid-day trading, an increase of 376% from the average daily volume of 188,077 shares. The stock had previously closed at $4.26.

Blue Ridge Bankshares Stock Performance

The firm’s 50 day moving average price is $4.34 and its 200-day moving average price is $4.22. The firm has a market cap of $392.49 million, a price-to-earnings ratio of -6.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05.

Institutional Investors Weigh In On Blue Ridge Bankshares

Several hedge funds have recently made changes to their positions in BRBS. BNP Paribas Financial Markets grew its position in Blue Ridge Bankshares by 436.4% during the second quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock worth $27,000 after buying an additional 6,048 shares in the last quarter. Polymer Capital Management HK LTD acquired a new position in Blue Ridge Bankshares in the 3rd quarter valued at approximately $44,000. ProShare Advisors LLC bought a new stake in shares of Blue Ridge Bankshares in the 2nd quarter worth approximately $47,000. DAVENPORT & Co LLC acquired a new stake in shares of Blue Ridge Bankshares during the 3rd quarter worth approximately $59,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Blue Ridge Bankshares during the 3rd quarter worth approximately $61,000. Institutional investors own 50.48% of the company’s stock.

About Blue Ridge Bankshares

(Get Free Report)

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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