Wellington Management Group LLP trimmed its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,296,410 shares of the company’s stock after selling 136,151 shares during the period. Wellington Management Group LLP owned approximately 7.02% of Blue Ridge Bankshares worth $22,226,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Empowered Funds LLC purchased a new stake in shares of Blue Ridge Bankshares in the 2nd quarter worth approximately $228,000. Raffles Associates LP bought a new stake in Blue Ridge Bankshares in the second quarter worth $40,000. Blue Edge Capital LLC bought a new stake in Blue Ridge Bankshares in the second quarter worth $538,000. Bank of America Corp DE bought a new stake in Blue Ridge Bankshares in the second quarter worth $539,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Blue Ridge Bankshares in the second quarter worth $89,000. 50.48% of the stock is owned by institutional investors.
Blue Ridge Bankshares Price Performance
Shares of NASDAQ:BRBS opened at $3.96 on Friday. The business has a fifty day moving average price of $3.67 and a 200-day moving average price of $3.68. 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 has a market capitalization of $355.17 million, a PE ratio of -6.19 and a beta of 0.80. Blue Ridge Bankshares, Inc. has a 1-year low of $3.22 and a 1-year high of $4.78.
Blue Ridge Bankshares Profile
Blue Ridge Bankshares, Inc is a bank holding company headquartered in Fort Valley, Virginia. Through its wholly owned subsidiary, Blue Ridge Bank, it offers a comprehensive suite of commercial and consumer banking services to individuals, businesses and agricultural clients. The company emphasizes a relationship-driven approach, leveraging local knowledge to deliver customized financial solutions.
Its product lineup includes deposit offerings such as checking, savings and money market accounts, as well as certificates of deposit.
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