Banc Funds Co. LLC grew its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 79.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,130,722 shares of the company's stock after buying an additional 944,000 shares during the quarter. Banc Funds Co. LLC owned 2.90% of Blue Ridge Bankshares worth $5,966,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Walleye Capital LLC bought a new position in Blue Ridge Bankshares in the 3rd quarter valued at $34,000. Ground Swell Capital LLC acquired a new position in Blue Ridge Bankshares during the 2nd quarter worth about $36,000. Fiduciary Trust Co bought a new stake in Blue Ridge Bankshares during the 3rd quarter worth about $38,000. Emerald Mutual Fund Advisers Trust bought a new stake in Blue Ridge Bankshares during the 2nd quarter worth about $52,000. Finally, GSA Capital Partners LLP bought a new position in shares of Blue Ridge Bankshares in the third quarter worth about $68,000. 50.48% of the stock is owned by institutional investors.
Blue Ridge Bankshares Trading Up 0.3 %
BRBS traded up $0.01 during mid-day trading on Monday, reaching $3.54. The stock had a trading volume of 352,021 shares, compared to its average volume of 230,354. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market capitalization of $260.25 million, a P/E ratio of -3.88 and a beta of 0.67. The firm's fifty day simple moving average is $3.04 and its two-hundred day simple moving average is $2.89. Blue Ridge Bankshares, Inc. has a 52 week low of $2.30 and a 52 week high of $3.99.
Blue Ridge Bankshares (NASDAQ:BRBS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $21.84 million for the quarter. Blue Ridge Bankshares had a negative net margin of 10.60% and a negative return on equity of 7.44%.
Blue Ridge Bankshares Company Profile
(
Free Report)
Blue Ridge Bankshares, Inc operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through: Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.
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