Geode Capital Management LLC grew its position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 186.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 451,861 shares of the company's stock after acquiring an additional 293,897 shares during the quarter. Geode Capital Management LLC owned 0.61% of Blue Ridge Bankshares worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC purchased a new position in Blue Ridge Bankshares in the third quarter valued at approximately $34,000. Fiduciary Trust Co bought a new stake in Blue Ridge Bankshares in the 3rd quarter valued at about $38,000. GSA Capital Partners LLP bought a new position in Blue Ridge Bankshares during the third quarter worth about $68,000. AQR Capital Management LLC purchased a new position in Blue Ridge Bankshares in the 2nd quarter valued at approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Blue Ridge Bankshares during the 2nd quarter worth about $73,000. Institutional investors own 50.48% of the company's stock.
Blue Ridge Bankshares Price Performance
Shares of BRBS stock traded down $0.11 during trading hours on Friday, reaching $3.17. The stock had a trading volume of 217,857 shares, compared to its average volume of 228,626. The firm has a market capitalization of $233.05 million, a PE ratio of -3.48 and a beta of 0.82. Blue Ridge Bankshares, Inc. has a 12 month low of $2.33 and a 12 month high of $3.69. The stock's fifty day simple moving average is $3.34 and its 200 day simple moving average is $2.96. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.
Blue Ridge Bankshares (NASDAQ:BRBS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. Blue Ridge Bankshares had a negative return on equity of 7.44% and a negative net margin of 10.60%. The business had revenue of $21.84 million for the quarter.
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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