Blue Ridge Bankshares, Inc. (BRBS) to Issue Special Dividend of $0.60 on April 27th

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) declared a special dividend on Monday, March 30th. Stockholders of record on Monday, April 13th will be paid a dividend of 0.60 per share on Monday, April 27th. The ex-dividend date is Monday, April 13th.

Blue Ridge Bankshares Stock Performance

Shares of Blue Ridge Bankshares stock opened at $4.18 on Friday. Blue Ridge Bankshares has a 52 week low of $3.03 and a 52 week high of $4.78. The business’s fifty day simple moving average is $4.13 and its 200-day simple moving average is $4.26. The firm has a market cap of $381.80 million, a PE ratio of -6.53 and a beta of 0.79. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.

Hedge Funds Weigh In On Blue Ridge Bankshares

Several large investors have recently modified their holdings of BRBS. Wellington Management Group LLP lifted its stake in shares of Blue Ridge Bankshares by 53.7% in the 4th quarter. Wellington Management Group LLP now owns 6,652,150 shares of the company’s stock valued at $28,405,000 after purchasing an additional 2,324,750 shares during the last quarter. Algebris UK Ltd. purchased a new stake in shares of Blue Ridge Bankshares in the 4th quarter valued at $5,307,000. Geode Capital Management LLC raised its holdings in shares of Blue Ridge Bankshares by 166.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,218,285 shares of the company’s stock valued at $4,374,000 after buying an additional 760,305 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blue Ridge Bankshares by 17,881.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 558,872 shares of the company’s stock valued at $2,386,000 after buying an additional 555,764 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Blue Ridge Bankshares by 513.4% in the 3rd quarter. Two Sigma Investments LP now owns 572,146 shares of the company’s stock valued at $2,420,000 after buying an additional 478,876 shares during the period. Institutional investors and hedge funds own 50.48% of the company’s stock.

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.