Goldman Sachs Group Inc. Increases Stock Holdings in Blue Ridge Bankshares, Inc. $BRBS

Key Points

• Goldman Sachs Group Inc. has increased its stake in Blue Ridge Bankshares by 43.5%, holding approximately 269,139 shares valued at $877,000.
• Other institutional investors, such as Cannon Wealth Management and Arcus Capital Partners, have also initiated positions in Blue Ridge Bankshares during the first quarter, contributing to a total institutional ownership of 50.48%.
• As of the latest trading session, Blue Ridge Bankshares shares are priced at $4.29, with a one-year range between $2.66 and $4.36.

Goldman Sachs Group Inc. boosted its position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 43.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,139 shares of the company's stock after purchasing an additional 81,573 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.30% of Blue Ridge Bankshares worth $877,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cannon Wealth Management Services LLC bought a new position in shares of Blue Ridge Bankshares during the first quarter valued at $35,000. Arcus Capital Partners LLC bought a new position in shares of Blue Ridge Bankshares during the first quarter valued at $47,000. Two Sigma Advisers LP bought a new position in shares of Blue Ridge Bankshares during the fourth quarter valued at $51,000. Y Intercept Hong Kong Ltd bought a new position in shares of Blue Ridge Bankshares during the first quarter valued at $57,000. Finally, Man Group plc bought a new position in shares of Blue Ridge Bankshares during the fourth quarter valued at $66,000. Institutional investors own 50.48% of the company's stock.

Blue Ridge Bankshares Price Performance

Shares of NASDAQ:BRBS opened at $4.29 on Tuesday. Blue Ridge Bankshares, Inc. has a 1-year low of $2.66 and a 1-year high of $4.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. The business has a fifty day moving average price of $3.88 and a 200-day moving average price of $3.55. The company has a market capitalization of $395.22 million, a PE ratio of -6.70 and a beta of 0.83.

Blue Ridge Bankshares 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.

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