Blue Ridge Bankshares (NASDAQ:BRBS) Trading 2.1% Higher – Time to Buy?

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)’s stock price shot up 2.1% on Friday . The stock traded as high as $3.39 and last traded at $3.37. 289,926 shares were traded 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 firm’s fifty day moving average price is $3.30 and its 200-day moving average price is $2.94. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $247.75 million, a price-to-earnings ratio of -3.70 and a beta of 0.82.

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

Institutional Investors Weigh In On Blue Ridge Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Blue Ridge Bankshares by 186.1% during the third quarter. Geode Capital Management LLC now owns 451,861 shares of the company’s stock worth $1,265,000 after acquiring an additional 293,897 shares during the last quarter. State Street Corp boosted its stake in Blue Ridge Bankshares by 26.9% during the 3rd quarter. State Street Corp now owns 72,645 shares of the company’s stock worth $203,000 after purchasing an additional 15,400 shares during the period. Jacobs Asset Management LLC grew its position in Blue Ridge Bankshares by 65.8% during the 3rd quarter. Jacobs Asset Management LLC now owns 379,377 shares of the company’s stock worth $1,062,000 after purchasing an additional 150,583 shares during the last quarter. Azora Capital LP increased its stake in Blue Ridge Bankshares by 33.5% in the third quarter. Azora Capital LP now owns 2,688,761 shares of the company’s stock valued at $7,529,000 after purchasing an additional 674,146 shares during the period. Finally, Banc Funds Co. LLC raised its holdings in shares of Blue Ridge Bankshares by 79.5% in the third quarter. Banc Funds Co. LLC now owns 2,130,722 shares of the company’s stock valued at $5,966,000 after buying an additional 944,000 shares during the last quarter. Hedge funds and other 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.