Banc Funds Co. LLC Buys 944,000 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Banc Funds Co. LLC grew its stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 79.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,130,722 shares of the company’s stock after acquiring an additional 944,000 shares during the quarter. Banc Funds Co. LLC’s holdings in Blue Ridge Bankshares were worth $5,966,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Elizabeth Park Capital Advisors Ltd. acquired a new position in Blue Ridge Bankshares during the second quarter valued at approximately $2,097,000. Raffles Associates LP acquired a new position in shares of Blue Ridge Bankshares in the 3rd quarter valued at $120,000. BlackBarn Capital Partners LP bought a new stake in shares of Blue Ridge Bankshares in the 2nd quarter valued at $12,274,000. Vanguard Group Inc. increased its position in shares of Blue Ridge Bankshares by 1.0% in the 1st 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. Finally, GSA Capital Partners LLP acquired a new stake in Blue Ridge Bankshares during the 3rd quarter worth $68,000. 50.48% of the stock is currently owned by institutional investors and hedge funds.

Blue Ridge Bankshares Stock Up 2.0 %

NASDAQ:BRBS opened at $3.53 on Monday. Blue Ridge Bankshares, Inc. has a 1 year low of $2.30 and a 1 year high of $3.99. The stock has a 50-day moving average price of $3.04 and a two-hundred day moving average price of $2.89. The stock has a market cap of $259.51 million, a price-to-earnings ratio of -3.88 and a beta of 0.67. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

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

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.