Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 186.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,861 shares of the company’s stock after buying an additional 293,897 shares during the period. Geode Capital Management LLC owned approximately 0.61% of Blue Ridge Bankshares worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BRBS. Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Blue Ridge Bankshares during the second quarter worth about $2,097,000. Raffles Associates LP acquired a new stake in Blue Ridge Bankshares in the 3rd quarter worth approximately $120,000. BlackBarn Capital Partners LP purchased a new stake in Blue Ridge Bankshares during the 2nd quarter worth approximately $12,274,000. Banc Funds Co. LLC increased its stake in Blue Ridge Bankshares by 79.5% during the 3rd quarter. Banc Funds Co. LLC now owns 2,130,722 shares of the company’s stock valued at $5,966,000 after purchasing an additional 944,000 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Blue Ridge Bankshares by 26.9% during the third quarter. State Street Corp now owns 72,645 shares of the company’s stock worth $203,000 after buying an additional 15,400 shares during the period. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

Blue Ridge Bankshares Price Performance

Shares of BRBS opened at $3.28 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. The company’s fifty day moving average price is $3.33 and its 200-day moving average price is $2.95. Blue Ridge Bankshares, Inc. has a 1-year low of $2.33 and a 1-year high of $3.69. The firm has a market capitalization of $241.13 million, a PE ratio of -3.60 and a beta of 0.82.

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

Blue Ridge Bankshares 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.