Jacobs Asset Management LLC Boosts Holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Jacobs Asset Management LLC grew its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,886 shares of the company's stock after buying an additional 77,509 shares during the period. Blue Ridge Bankshares accounts for about 0.9% of Jacobs Asset Management LLC's holdings, making the stock its 26th biggest holding. Jacobs Asset Management LLC owned 0.62% of Blue Ridge Bankshares worth $1,471,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BRBS. Graham Capital Wealth Management LLC raised its position in shares of Blue Ridge Bankshares by 1,446.2% in the fourth quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company's stock valued at $1,682,000 after buying an additional 488,687 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $131,000. Raymond James Financial Inc. acquired a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $364,000. Virtu Financial LLC acquired a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $79,000. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $483,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blue Ridge Bankshares

In related news, Director Carolyn J. Woodruff sold 8,924 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $3.75, for a total transaction of $33,465.00. Following the completion of the sale, the director now directly owns 138,179 shares in the company, valued at approximately $518,171.25. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.92% of the stock is currently owned by insiders.

Blue Ridge Bankshares Price Performance

Shares of NASDAQ BRBS traded up $0.03 during mid-day trading on Wednesday, reaching $3.54. The company's stock had a trading volume of 6,515 shares, compared to its average volume of 259,298. The stock has a 50-day moving average of $3.29 and a two-hundred day moving average of $3.35. The stock has a market capitalization of $322.77 million, a P/E ratio of -5.53 and a beta of 0.80. 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 1-year low of $2.45 and a 1-year high of $3.83.

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.