Azora Capital LP Acquires 210,607 Shares of Blue Ridge Bankshares, Inc. $BRBS

Key Points

• Azora Capital LP increased its stake in Blue Ridge Bankshares by 7.7%, holding a total of 2,951,385 shares valued at approximately $9.62 million.
• Institutional investors now own 50.48% of Blue Ridge Bankshares, indicating significant interest from large investors in the stock.
• As of the latest trading session, BRBS shares opened at $4.01 with a market capitalization of $369.43 million, and a P/E ratio of -6.27.

Azora Capital LP grew its position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,951,385 shares of the company's stock after buying an additional 210,607 shares during the quarter. Blue Ridge Bankshares makes up about 0.7% of Azora Capital LP's investment portfolio, making the stock its 29th biggest position. Azora Capital LP owned 3.24% of Blue Ridge Bankshares worth $9,622,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP grew its stake in shares of Blue Ridge Bankshares by 29.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 28,130 shares of the company's stock valued at $91,000 after purchasing an additional 6,435 shares during the last quarter. Cannon Wealth Management Services LLC bought a new stake in Blue Ridge Bankshares in the 1st quarter valued at $35,000. Alpine Global Management LLC bought a new stake in Blue Ridge Bankshares in the 4th quarter valued at $34,000. Boothbay Fund Management LLC bought a new stake in Blue Ridge Bankshares in the 4th quarter valued at $41,000. Finally, Wells Fargo & Company MN bought a new stake in Blue Ridge Bankshares in the 4th quarter valued at $42,000. 50.48% of the stock is owned by institutional investors.

Blue Ridge Bankshares Stock Up 0.3%

BRBS traded up $0.01 during trading on Thursday, hitting $3.97. The company had a trading volume of 11,818 shares, compared to its average volume of 378,344. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Blue Ridge Bankshares, Inc. has a one year low of $2.66 and a one year high of $4.14. The firm's 50-day moving average price is $3.72 and its 200 day moving average price is $3.50. The company has a market capitalization of $365.83 million, a PE ratio of -6.21 and a beta of 0.83.

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.