Blue Ridge Bankshares (NASDAQ:BRBS) Shares Up 2.1% – What’s Next?

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)’s stock price traded up 2.1% during mid-day trading on Friday . The company traded as high as $3.39 and last traded at $3.37. 289,926 shares traded hands during trading, a decline of 13% from the average session volume of 334,863 shares. The stock had previously closed at $3.30.

Blue Ridge Bankshares Stock Performance

The business has a 50 day moving average of $3.29 and a 200-day moving average of $2.94. 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 company has a market capitalization of $247.75 million, a P/E ratio of -3.70 and a beta of 0.81.

Blue Ridge Bankshares (NASDAQ:BRBS) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) 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 for the quarter.

Institutional Trading of Blue Ridge Bankshares

A number of large investors have recently modified their holdings of BRBS. Walleye Capital LLC bought a new position in shares of Blue Ridge Bankshares in the third quarter worth approximately $34,000. Ground Swell Capital LLC purchased a new stake in shares of Blue Ridge Bankshares during the 2nd quarter valued at $36,000. Fiduciary Trust Co purchased a new stake in shares of Blue Ridge Bankshares during the 3rd quarter valued at $38,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Blue Ridge Bankshares during the 2nd quarter worth $52,000. Finally, GSA Capital Partners LLP purchased a new position in Blue Ridge Bankshares in the third quarter worth $68,000. Institutional investors own 50.48% of the company’s stock.

About Blue Ridge Bankshares

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.