Algebris UK Ltd. acquired a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,553,967 shares of the company's stock, valued at approximately $8,987,000. Algebris UK Ltd. owned 2.84% of Blue Ridge Bankshares as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Blue Ridge Bankshares in the 2nd quarter worth about $15,038,000. Wellington Management Group LLP lifted its position in shares of Blue Ridge Bankshares by 53.7% in the fourth quarter. Wellington Management Group LLP now owns 6,652,150 shares of the company's stock valued at $28,405,000 after acquiring an additional 2,324,750 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Blue Ridge Bankshares by 166.0% in the second quarter. Geode Capital Management LLC now owns 1,218,285 shares of the company's stock valued at $4,374,000 after acquiring an additional 760,305 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Blue Ridge Bankshares by 17,881.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 558,872 shares of the company's stock worth $2,386,000 after acquiring an additional 555,764 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Blue Ridge Bankshares by 513.4% in the third quarter. Two Sigma Investments LP now owns 572,146 shares of the company's stock worth $2,420,000 after acquiring an additional 478,876 shares during the last quarter. 50.48% of the stock is owned by hedge funds and other institutional investors.
Blue Ridge Bankshares Stock Down 0.5%
Shares of BRBS opened at $3.94 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. Blue Ridge Bankshares, Inc. has a one year low of $3.22 and a one year high of $4.78. The stock has a market capitalization of $353.37 million, a price-to-earnings ratio of -6.16 and a beta of 0.78. The stock has a 50 day moving average price of $3.54 and a 200 day moving average price of $3.70.
About Blue Ridge Bankshares
(
Free Report)
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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