Geode Capital Management LLC Raises Stock Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Geode Capital Management LLC raised its holdings in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 186.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 451,861 shares of the company’s stock after purchasing an additional 293,897 shares during the quarter. Geode Capital Management LLC’s holdings in Blue Ridge Bankshares were worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at about $34,000. Fiduciary Trust Co purchased a new stake in Blue Ridge Bankshares in the 3rd quarter worth approximately $38,000. GSA Capital Partners LLP acquired a new stake in shares of Blue Ridge Bankshares during the 3rd quarter worth approximately $68,000. AQR Capital Management LLC purchased a new position in shares of Blue Ridge Bankshares during the 2nd quarter valued at approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Blue Ridge Bankshares in the 2nd quarter valued at $73,000. 50.48% of the stock is owned by institutional investors and hedge funds.

Blue Ridge Bankshares Stock Down 1.8 %

BRBS stock opened at $3.28 on Friday. Blue Ridge Bankshares, Inc. has a one year low of $2.33 and a one year high of $3.69. 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 firm’s fifty day moving average is $3.33 and its 200 day moving average is $2.95. The firm has a market cap of $241.13 million, a PE ratio of -3.60 and a beta of 0.82.

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 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 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.