Wellington Management Group LLP cut its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Free Report) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,296,410 shares of the company’s stock after selling 136,151 shares during the period. Wellington Management Group LLP owned approximately 0.07% of Blue Ridge Bankshares worth $22,226,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BRBS. BlackRock Inc. purchased a new position in shares of Blue Ridge Bankshares in the second quarter worth $15,038,000. Algebris UK Ltd. bought a new position in shares of Blue Ridge Bankshares during the second quarter valued at $8,987,000. Geode Capital Management LLC boosted its position in shares of Blue Ridge Bankshares by 166.0% during the second quarter. Geode Capital Management LLC now owns 1,218,285 shares of the company’s stock valued at $4,374,000 after buying an additional 760,305 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Blue Ridge Bankshares by 17,881.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 558,872 shares of the company’s stock valued at $2,386,000 after buying an additional 555,764 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Blue Ridge Bankshares by 513.4% during the third quarter. Two Sigma Investments LP now owns 572,146 shares of the company’s stock valued at $2,420,000 after buying an additional 478,876 shares during the last quarter. 50.48% of the stock is currently owned by hedge funds and other institutional investors.
Blue Ridge Bankshares Price Performance
NASDAQ BRBS opened at $3.96 on Friday. Blue Ridge Bankshares, Inc. has a one year low of $3.22 and a one year high of $4.78. The stock has a 50-day moving average of $3.67 and a 200 day moving average of $3.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $355.17 million, a price-to-earnings ratio of -6.19 and a beta of 0.80.
Blue Ridge Bankshares Profile
Blue Ridge Bankshares, Inc is a bank holding company headquartered in Fort Valley, Virginia. Through its wholly owned subsidiary, Blue Ridge Bank, it offers a comprehensive suite of commercial and consumer banking services to individuals, businesses and agricultural clients. The company emphasizes a relationship-driven approach, leveraging local knowledge to deliver customized financial solutions.
Its product lineup includes deposit offerings such as checking, savings and money market accounts, as well as certificates of deposit.
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