Fourthstone LLC Has $5.56 Million Holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Fourthstone LLC lifted its stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 662.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,987,097 shares of the company’s stock after purchasing an additional 1,726,620 shares during the quarter. Blue Ridge Bankshares accounts for 1.2% of Fourthstone LLC’s portfolio, making the stock its 21st largest position. Fourthstone LLC owned about 2.70% of Blue Ridge Bankshares worth $5,564,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BRBS. BlackBarn Capital Partners LP acquired a new position in shares of Blue Ridge Bankshares in the second quarter worth $12,274,000. Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Blue Ridge Bankshares during the 2nd quarter worth about $2,097,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Blue Ridge Bankshares during the 3rd quarter valued at about $95,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Blue Ridge Bankshares in the 2nd quarter valued at approximately $73,000. Finally, AQR Capital Management LLC bought a new position in Blue Ridge Bankshares during the second quarter valued at approximately $72,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Stock Down 1.1 %

BRBS stock traded down $0.04 during trading hours on Thursday, hitting $3.46. The company’s stock had a trading volume of 123,952 shares, compared to its average volume of 230,332. The stock has a 50 day moving average price of $3.02 and a two-hundred day moving average price of $2.87. Blue Ridge Bankshares, Inc. has a 12 month low of $2.30 and a 12 month high of $3.99. The company has a market capitalization of $254.37 million, a PE ratio of -3.80 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 (NASDAQ:BRBS) last posted its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $21.84 million for the quarter. Blue Ridge Bankshares had a negative return on equity of 7.44% and a negative net margin of 10.60%.

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.