4,260,106 Shares in Blue Ridge Bankshares, Inc. $BRBS Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 4.26 million shares of Blue Ridge Bankshares in the second quarter, valued at approximately $15.0 million and representing a 4.74% stake.
• Other institutional investors also increased or initiated positions, bringing total hedge fund and institutional ownership to 50.48%.
• BRBS opened at $3.95, with a market capitalization of approximately $354.3 million; its shares have traded between $3.22 and $4.78 over the past year.

BlackRock Inc. bought a new position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,260,106 shares of the company's stock, valued at approximately $15,038,000. BlackRock Inc. owned approximately 4.74% of Blue Ridge Bankshares at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BRBS. Deutsche Bank AG purchased a new stake in shares of Blue Ridge Bankshares in the 2nd quarter valued at $236,000. Bank of New York Mellon Corp bought a new stake in Blue Ridge Bankshares in the second quarter worth $578,000. Bank of America Corp DE boosted its position in Blue Ridge Bankshares by 17.0% during the first quarter. Bank of America Corp DE now owns 170,748 shares of the company's stock valued at $717,000 after buying an additional 24,754 shares during the period. Renaissance Technologies LLC boosted its position in Blue Ridge Bankshares by 12.3% during the first quarter. Renaissance Technologies LLC now owns 540,453 shares of the company's stock valued at $2,270,000 after buying an additional 59,300 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Blue Ridge Bankshares during the first quarter valued at about $110,000. 50.48% of the stock is owned by hedge funds and other institutional investors.

Blue Ridge Bankshares Stock Performance

NASDAQ BRBS opened at $3.95 on Friday. The firm has a market cap of $354.27 million, a PE ratio of -6.17 and a beta of 0.78. Blue Ridge Bankshares, Inc. has a 1-year low of $3.22 and a 1-year high of $4.78. The stock has a 50-day moving average of $3.66 and a 200-day moving average of $3.68. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

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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