Azora Capital LP Buys 674,146 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Azora Capital LP increased its position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,688,761 shares of the company’s stock after purchasing an additional 674,146 shares during the quarter. Azora Capital LP owned 3.66% of Blue Ridge Bankshares worth $7,529,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at approximately $34,000. Ground Swell Capital LLC acquired a new position in Blue Ridge Bankshares during the second quarter valued at approximately $36,000. Fiduciary Trust Co bought a new stake in Blue Ridge Bankshares during the third quarter worth $38,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Blue Ridge Bankshares in the 2nd quarter valued at $52,000. Finally, GSA Capital Partners LLP bought a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at $68,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Price Performance

Shares of BRBS stock opened at $3.53 on Monday. The business has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $2.89. The company has a market cap of $259.51 million, a P/E ratio of -3.88 and a beta of 0.67. 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 twelve month low of $2.30 and a twelve month high of $3.99.

Blue Ridge Bankshares (NASDAQ:BRBS) last posted its earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. The firm had revenue of $21.84 million during the quarter. Blue Ridge Bankshares had a negative net margin of 10.60% and a negative return on equity of 7.44%.

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.