Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Get Free Report) Director Carolyn J. Woodruff sold 8,924 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $3.75, for a total transaction of $33,465.00. Following the transaction, the director now owns 138,179 shares of the company's stock, valued at approximately $518,171.25. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Blue Ridge Bankshares Price Performance
Shares of NASDAQ BRBS traded up $0.04 during midday trading on Friday, reaching $3.27. 68,189 shares of the company traded hands, compared to its average volume of 241,614. The stock's 50-day simple moving average is $3.45 and its 200-day simple moving average is $3.19. 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 12 month low of $2.45 and a 12 month high of $3.83. The firm has a market cap of $240.03 million, a PE ratio of -5.10 and a beta of 0.80.
Hedge Funds Weigh In On Blue Ridge Bankshares
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Graham Capital Wealth Management LLC raised its stake in shares of Blue Ridge Bankshares by 1,446.2% in the fourth quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company's stock worth $1,682,000 after acquiring an additional 488,687 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Blue Ridge Bankshares by 186.1% in the 3rd quarter. Geode Capital Management LLC now owns 451,861 shares of the company's stock valued at $1,265,000 after acquiring an additional 293,897 shares during the period. Raffles Associates LP acquired a new stake in Blue Ridge Bankshares in the third quarter worth $120,000. State Street Corp lifted its holdings in Blue Ridge Bankshares by 26.9% during the third quarter. State Street Corp now owns 72,645 shares of the company's stock worth $203,000 after acquiring an additional 15,400 shares in the last quarter. Finally, Banc Funds Co. LLC grew its position in shares of Blue Ridge Bankshares by 79.5% in the 3rd quarter. Banc Funds Co. LLC now owns 2,130,722 shares of the company's stock valued at $5,966,000 after purchasing an additional 944,000 shares during the period. 50.48% of the stock is currently owned by institutional investors and hedge funds.
About Blue Ridge Bankshares
(
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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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