Allspring Global Investments Holdings LLC Sells 2,045 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Allspring Global Investments Holdings LLC reduced its stake in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS – Get Rating) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 93,995 shares of the company’s stock after selling 2,045 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Blue Ridge Bankshares were worth $1,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Blue Ridge Bankshares by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 9,101 shares of the company’s stock valued at $139,000 after purchasing an additional 965 shares during the last quarter. Captrust Financial Advisors lifted its stake in Blue Ridge Bankshares by 33.6% in the second quarter. Captrust Financial Advisors now owns 7,049 shares of the company’s stock valued at $108,000 after purchasing an additional 1,771 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Blue Ridge Bankshares by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 91,595 shares of the company’s stock valued at $1,389,000 after purchasing an additional 1,809 shares during the last quarter. Amalgamated Bank purchased a new position in Blue Ridge Bankshares in the first quarter valued at approximately $32,000. Finally, Private Advisor Group LLC lifted its stake in Blue Ridge Bankshares by 8.9% in the first quarter. Private Advisor Group LLC now owns 27,198 shares of the company’s stock valued at $413,000 after purchasing an additional 2,225 shares during the last quarter. 37.02% of the stock is owned by institutional investors.

Blue Ridge Bankshares Trading Up 1.8 %

NASDAQ:BRBS opened at $12.37 on Friday. The company has a market cap of $234.36 million, a P/E ratio of 6.72 and a beta of 0.38. The stock’s fifty day moving average price is $12.76 and its two-hundred day moving average price is $13.55. Blue Ridge Bankshares, Inc. has a 1 year low of $11.71 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.94.

Blue Ridge Bankshares (NASDAQ:BRBS – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $36.65 million for the quarter. Blue Ridge Bankshares had a return on equity of 12.76% and a net margin of 19.88%.

Blue Ridge Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Monday, January 23rd will be issued a $0.1225 dividend. The ex-dividend date of this dividend is Friday, January 20th. This represents a $0.49 annualized dividend and a dividend yield of 3.96%. Blue Ridge Bankshares’s payout ratio is currently 26.63%.

Blue Ridge Bankshares Profile

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Blue Ridge Bankshares, Inc (Virginia) operates as a holding company for Blue Ridge Bank, which engages in the provision of commercial banking and mortgage lending services. It also offers personal checking and savings accounts, business checking and money market accounts, certificates of deposit and individual retirement accounts.