Blue Ridge Bankshares (NASDAQ:BRBS) Shares Down 0.9% – Time to Sell?

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) were down 0.9% during trading on Monday . The stock traded as low as $3.42 and last traded at $3.42. Approximately 181,730 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 227,616 shares. The stock had previously closed at $3.45.

Blue Ridge Bankshares Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $251.42 million, a price-to-earnings ratio of -3.76 and a beta of 0.67. The stock’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $2.83.

Blue Ridge Bankshares (NASDAQ:BRBS) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. Blue Ridge Bankshares had a negative net margin of 10.60% and a negative return on equity of 7.44%. The firm had revenue of $21.84 million during the quarter.

Institutional Trading of Blue Ridge Bankshares

Large investors have recently made changes to their positions in the company. Walleye Capital LLC purchased a new stake in shares of Blue Ridge Bankshares during the third quarter worth $34,000. Ground Swell Capital LLC purchased a new stake in shares of Blue Ridge Bankshares in the second quarter valued at approximately $36,000. Fiduciary Trust Co acquired a new stake in shares of Blue Ridge Bankshares in the third quarter valued at approximately $38,000. Emerald Mutual Fund Advisers Trust acquired a new position in Blue Ridge Bankshares during the second quarter worth $52,000. Finally, GSA Capital Partners LLP purchased a new stake in Blue Ridge Bankshares in the 3rd quarter valued at $68,000. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

Blue Ridge Bankshares Company Profile

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.