Point72 Asia Singapore Pte. Ltd. Takes Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,890 shares of the company’s stock, valued at approximately $73,000. Point72 Asia Singapore Pte. Ltd. owned 0.12% of Blue Ridge Bankshares as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BRBS. BlackBarn Capital Partners LP acquired a new stake in shares of Blue Ridge Bankshares during the 2nd quarter worth approximately $12,274,000. Banc Funds Co. LLC grew its position in Blue Ridge Bankshares by 177.4% during the fourth quarter. Banc Funds Co. LLC now owns 3,127,414 shares of the company’s stock valued at $9,476,000 after buying an additional 2,000,000 shares during the period. Vanguard Group Inc. increased its holdings in Blue Ridge Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 853,525 shares of the company’s stock valued at $2,296,000 after buying an additional 8,057 shares in the last quarter. Gendell Jeffrey L raised its position in shares of Blue Ridge Bankshares by 187.4% in the fourth quarter. Gendell Jeffrey L now owns 281,223 shares of the company’s stock worth $852,000 after acquiring an additional 183,361 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Blue Ridge Bankshares by 8.1% during the 1st quarter. Empowered Funds LLC now owns 53,612 shares of the company’s stock worth $144,000 after acquiring an additional 4,025 shares in 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 $2.79 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. Blue Ridge Bankshares, Inc. has a 52 week low of $2.05 and a 52 week high of $5.50. The stock’s 50-day moving average price is $2.72 and its 200-day moving average price is $2.75. The stock has a market capitalization of $64.12 million, a PE ratio of -0.76 and a beta of 0.68.

Blue Ridge Bankshares (NASDAQ:BRBS) last posted its quarterly earnings data on Thursday, July 25th. The company reported ($0.47) EPS for the quarter. Blue Ridge Bankshares had a negative net margin of 32.61% and a negative return on equity of 28.09%. The business had revenue of $20.39 million during the quarter.

About Blue Ridge Bankshares

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.