Raymond James Financial Inc. purchased a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 113,000 shares of the company's stock, valued at approximately $364,000. Raymond James Financial Inc. owned about 0.15% of Blue Ridge Bankshares at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. acquired a new stake in Blue Ridge Bankshares during the 4th quarter worth $131,000. Graham Capital Wealth Management LLC grew its stake in Blue Ridge Bankshares by 1,446.2% during the 4th quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company's stock worth $1,682,000 after buying an additional 488,687 shares during the last quarter. Geode Capital Management LLC increased its position in Blue Ridge Bankshares by 186.1% during the third quarter. Geode Capital Management LLC now owns 451,861 shares of the company's stock worth $1,265,000 after buying an additional 293,897 shares during the period. State Street Corp lifted its stake in Blue Ridge Bankshares by 26.9% in the third quarter. State Street Corp now owns 72,645 shares of the company's stock valued at $203,000 after buying an additional 15,400 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 50.48% of the company's stock.
Blue Ridge Bankshares Stock Performance
NASDAQ BRBS traded up $0.05 during trading on Tuesday, reaching $3.15. The company's stock had a trading volume of 2,772 shares, compared to its average volume of 250,909. The firm has a market cap of $276.10 million, a price-to-earnings ratio of -4.93 and a beta of 0.82. Blue Ridge Bankshares, Inc. has a twelve month low of $2.45 and a twelve month high of $3.83. The business's fifty day moving average price is $3.38 and its 200-day moving average price is $3.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06.
Insider Activity
In other Blue Ridge Bankshares news, Director Carolyn J. Woodruff sold 8,924 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $3.75, for a total transaction of $33,465.00. Following the completion of the transaction, the director now owns 138,179 shares in the company, valued at approximately $518,171.25. This represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.92% of the company's stock.
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.
Read More
Before you consider Blue Ridge Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Ridge Bankshares wasn't on the list.
While Blue Ridge Bankshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
