Azora Capital LP Increases Stake in Blue Ridge Bankshares, Inc. $BRBS

Azora Capital LP grew its position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,937,973 shares of the company’s stock after acquiring an additional 469,316 shares during the quarter. Blue Ridge Bankshares comprises about 1.3% of Azora Capital LP’s portfolio, making the stock its 22nd largest position. Azora Capital LP owned 5.40% of Blue Ridge Bankshares worth $21,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRBS. BNP Paribas Financial Markets raised its stake in shares of Blue Ridge Bankshares by 436.4% in the second quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock valued at $27,000 after acquiring an additional 6,048 shares during the period. Polymer Capital Management HK LTD purchased a new stake in shares of Blue Ridge Bankshares in the third quarter valued at $44,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Ridge Bankshares in the third quarter valued at $61,000. &PARTNERS purchased a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at $67,000. Finally, Abel Hall LLC purchased a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 50.48% of the company’s stock.

Blue Ridge Bankshares Trading Up 1.2%

NASDAQ BRBS opened at $3.31 on Thursday. The company’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.96. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market cap of $297.61 million, a PE ratio of -5.17 and a beta of 0.80. Blue Ridge Bankshares, Inc. has a 12 month low of $3.22 and a 12 month high of $4.78.

Blue Ridge Bankshares Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were issued a $0.60 dividend. The ex-dividend date was Monday, April 13th. Blue Ridge Bankshares’s dividend payout ratio is presently 2,000.00%.

About Blue Ridge Bankshares

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.