Blue Ridge Bankshares, Inc. $BRBS is Elizabeth Park Capital Advisors Ltd.'s 6th Largest Position

Key Points

• Elizabeth Park Capital Advisors Ltd. increased its holdings in Blue Ridge Bankshares, Inc. by 50.3% in the first quarter, owning a total of 1,207,446 shares, making it the sixth largest position in their investment portfolio.
• Institutional interest in Blue Ridge Bankshares has grown, with Susquehanna International Group LLP and Millennium Management LLC significantly increasing their stakes by 148.8% and 1,018.2% respectively in the fourth quarter.
• As of the latest data, Blue Ridge Bankshares trades at $3.88, showing a market capitalization of $357.45 million and a PE ratio of -6.06.

Elizabeth Park Capital Advisors Ltd. boosted its position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 50.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,207,446 shares of the company's stock after acquiring an additional 404,000 shares during the period. Blue Ridge Bankshares accounts for 3.5% of Elizabeth Park Capital Advisors Ltd.'s investment portfolio, making the stock its 6th biggest position. Elizabeth Park Capital Advisors Ltd. owned approximately 1.32% of Blue Ridge Bankshares worth $3,936,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Susquehanna International Group LLP boosted its stake in shares of Blue Ridge Bankshares by 148.8% during the 4th quarter. Susquehanna International Group LLP now owns 813,238 shares of the company's stock valued at $2,619,000 after purchasing an additional 486,344 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Blue Ridge Bankshares by 1,018.2% during the 4th quarter. Millennium Management LLC now owns 298,502 shares of the company's stock valued at $961,000 after purchasing an additional 271,808 shares in the last quarter. Graham Capital Wealth Management LLC boosted its stake in shares of Blue Ridge Bankshares by 46.7% during the 1st quarter. Graham Capital Wealth Management LLC now owns 766,322 shares of the company's stock valued at $2,498,000 after purchasing an additional 243,844 shares in the last quarter. Oppenheimer & Close LLC bought a new stake in shares of Blue Ridge Bankshares during the 1st quarter valued at about $652,000. Finally, 683 Capital Management LLC bought a new stake in shares of Blue Ridge Bankshares during the 4th quarter valued at about $638,000. Institutional investors own 50.48% of the company's stock.

Blue Ridge Bankshares Trading Up 0.8%

Shares of BRBS traded up $0.03 during trading hours on Friday, reaching $4.01. 221,279 shares of the company traded hands, compared to its average volume of 381,014. The company's fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.49. The company has a market capitalization of $369.43 million, a price-to-earnings ratio of -6.27 and a beta of 0.82. 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 12 month low of $2.66 and a 12 month high of $4.14.

Blue Ridge Bankshares Company Profile

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.