Rhumbline Advisers Has $27,000 Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Rhumbline Advisers cut its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 62.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,207 shares of the company’s stock after selling 17,208 shares during the quarter. Rhumbline Advisers’ holdings in Blue Ridge Bankshares were worth $27,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Banc Funds Co. LLC increased its position in Blue Ridge Bankshares by 177.4% in the 4th quarter. Banc Funds Co. LLC now owns 3,127,414 shares of the company’s stock valued at $9,476,000 after acquiring an additional 2,000,000 shares in the last quarter. Gendell Jeffrey L increased its holdings in shares of Blue Ridge Bankshares by 187.4% in the fourth quarter. Gendell Jeffrey L now owns 281,223 shares of the company’s stock valued at $852,000 after purchasing an additional 183,361 shares in the last quarter. Empowered Funds LLC raised its position in Blue Ridge Bankshares by 8.1% in the 1st quarter. Empowered Funds LLC now owns 53,612 shares of the company’s stock worth $144,000 after purchasing an additional 4,025 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Blue Ridge Bankshares by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 853,525 shares of the company’s stock worth $2,296,000 after purchasing an additional 8,057 shares during the last quarter. 50.48% of the stock is owned by institutional investors.

Blue Ridge Bankshares Stock Down 2.0 %

Shares of BRBS opened at $2.75 on Wednesday. The business’s fifty day moving average price is $2.72 and its two-hundred day moving average price is $2.75. The firm has a market capitalization of $63.09 million, a price-to-earnings ratio of -0.75 and a beta of 0.68. Blue Ridge Bankshares, Inc. has a 52 week low of $2.05 and a 52 week high of $4.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.02 and a current ratio of 1.05.

Blue Ridge Bankshares (NASDAQ:BRBS) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $20.39 million during the quarter. Blue Ridge Bankshares had a negative net margin of 32.61% and a negative return on equity of 28.09%.

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.