Blue Ridge Bankshares (NASDAQ:BRBS) Shares Down 1.8% - Here's What Happened

Key Points

• Shares of Blue Ridge Bankshares fell 1.8% on Monday to $3.36, with about 201,200 shares traded — roughly 35% below the stock's average daily volume.
• The company paid a special $0.60 dividend (record April 13, paid April 27), and reported a notably high dividend payout ratio of 2,000%, signaling an outsized distribution relative to earnings.
• Institutional investors now own 50.48% of the stock, with firms like Goldman Sachs, Jane Street, Geode and JPMorgan increasing stakes; the bank has a market cap of $306.9M and a negative P/E (-5.25), indicating recent losses.

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Get Free Report) shares were down 1.8% during trading on Monday . The stock traded as low as $3.35 and last traded at $3.36. Approximately 201,200 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 311,199 shares. The stock had previously closed at $3.42.

Blue Ridge Bankshares Trading Down 1.8%

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 stock has a market capitalization of $306.90 million, a price-to-earnings ratio of -5.25 and a beta of 0.82. The firm has a 50-day moving average of $3.91 and a 200 day moving average of $4.19.

Blue Ridge Bankshares Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 13th were given a $0.60 dividend. The ex-dividend date was Monday, April 13th. Blue Ridge Bankshares's dividend payout ratio (DPR) is currently 2,000.00%.

Hedge Funds Weigh In On Blue Ridge Bankshares

Several hedge funds have recently modified their holdings of BRBS. Goldman Sachs Group Inc. increased its position in shares of Blue Ridge Bankshares by 43.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 269,139 shares of the company's stock valued at $877,000 after purchasing an additional 81,573 shares during the period. Jane Street Group LLC increased its position in shares of Blue Ridge Bankshares by 41.7% during the 1st quarter. Jane Street Group LLC now owns 214,970 shares of the company's stock valued at $701,000 after purchasing an additional 63,284 shares during the period. Geode Capital Management LLC increased its position in shares of Blue Ridge Bankshares by 166.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,218,285 shares of the company's stock valued at $4,374,000 after purchasing an additional 760,305 shares during the period. JPMorgan Chase & Co. increased its position in shares of Blue Ridge Bankshares by 66.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 88,243 shares of the company's stock valued at $317,000 after purchasing an additional 35,297 shares during the period. Finally, Rhumbline Advisers acquired a new position in shares of Blue Ridge Bankshares during the 2nd quarter valued at $220,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Company 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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