JPMorgan Chase & Co. Buys 75,709 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

JPMorgan Chase & Co. raised its stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 17,128.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,151 shares of the company's stock after purchasing an additional 75,709 shares during the period. JPMorgan Chase & Co. owned 0.10% of Blue Ridge Bankshares worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of Blue Ridge Bankshares by 124.4% during the fourth quarter. LPL Financial LLC now owns 24,060 shares of the company's stock valued at $77,000 after buying an additional 13,339 shares during the last quarter. State Street Corp grew its stake in shares of Blue Ridge Bankshares by 26.9% in the 3rd quarter. State Street Corp now owns 72,645 shares of the company's stock worth $203,000 after acquiring an additional 15,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $79,000. American Century Companies Inc. bought a new position in shares of Blue Ridge Bankshares during the fourth quarter valued at about $118,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Blue Ridge Bankshares during the fourth quarter worth about $131,000. Institutional investors and hedge funds own 50.48% of the company's stock.

Insiders Place Their Bets

In related news, Director Carolyn J. Woodruff sold 8,924 shares of Blue Ridge Bankshares stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $3.75, for a total value of $33,465.00. Following the sale, the director now owns 138,179 shares of the company's stock, valued at approximately $518,171.25. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.08% of the company's stock.

Blue Ridge Bankshares Stock Down 0.9 %

NASDAQ:BRBS traded down $0.03 on Tuesday, hitting $3.47. The stock had a trading volume of 80,178 shares, compared to its average volume of 257,450. Blue Ridge Bankshares, Inc. has a 1 year low of $2.45 and a 1 year high of $3.83. The firm's fifty day simple moving average is $3.30 and its two-hundred day simple moving average is $3.33. The stock has a market cap of $304.61 million, a P/E ratio of -5.42 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 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.