Blue Ridge Bankshares (NASDAQ:BRBS) Stock Price Up 2% - What's Next?

Key Points

• Blue Ridge Bankshares shares rose 2% to $4.18 during mid-day trading, although the trading volume decreased by 46% compared to its average.
• Institutional investors hold 50.48% of the company's stock, with notable increases in stakes from firms like BNP Paribas Financial Markets and Cannon Wealth Management Services.
• The company has a market cap of $385.09 million and a price-to-earnings ratio of -6.53, indicating challenges in profitability despite recent stock price increases.

Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - ) rose 2% during mid-day trading on Tuesday . The company traded as high as $4.19 and last traded at $4.18. Approximately 197,523 shares were traded during trading, a decline of 46% from the average daily volume of 363,402 shares. The stock had previously closed at $4.10.

Blue Ridge Bankshares Stock Up 2.0%

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 50-day simple moving average of $4.04 and a 200-day simple moving average of $3.65. The company has a market cap of $385.09 million, a price-to-earnings ratio of -6.53 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Blue Ridge Bankshares by 436.4% in the second quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company's stock valued at $27,000 after buying an additional 6,048 shares during the period. Cannon Wealth Management Services LLC acquired a new stake in shares of Blue Ridge Bankshares in the first quarter valued at $35,000. Arcus Capital Partners LLC acquired a new stake in shares of Blue Ridge Bankshares in the first quarter valued at $47,000. ProShare Advisors LLC acquired a new stake in shares of Blue Ridge Bankshares in the second quarter valued at $47,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Blue Ridge Bankshares in the first quarter valued at $57,000. Institutional investors and hedge funds 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.

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