Blue Ridge Bankshares (NASDAQ:BRBS) Trading Down 2.3% – Time to Sell?

Blue Ridge Bankshares, Inc. (NASDAQ:BRBSGet Free Report) shares dropped 2.3% during trading on Friday . The stock traded as low as $3.76 and last traded at $3.87. Approximately 811,663 shares changed hands during mid-day trading, an increase of 277% from the average daily volume of 215,095 shares. The stock had previously closed at $3.96.

Blue Ridge Bankshares Trading Down 2.3%

The business has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market capitalization of $354.06 million, a price-to-earnings ratio of -6.05 and a beta of 0.84.

Institutional Trading of Blue Ridge Bankshares

Several hedge funds have recently bought and sold shares of BRBS. BNP Paribas Financial Markets raised its holdings 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 during the last quarter. MV Capital Management Inc. acquired a new position in shares of Blue Ridge Bankshares during the fourth quarter valued at about $28,000. Polymer Capital Management HK LTD acquired a new position in shares of Blue Ridge Bankshares during the third quarter valued at about $44,000. ProShare Advisors LLC bought a new stake in shares of Blue Ridge Bankshares during the second quarter worth about $47,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Blue Ridge Bankshares during the third quarter worth about $59,000. Institutional investors and hedge funds 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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