Blue Ridge Bankshares Inc (VA) (BRBS) saw an uptrend of 15.47% in the recent trading with $3.21 being its most recent. The current price level -19.55% lower than the highest price of $3.99 marked by the stock while trading over the past 52-weeks, whereas it is 48.61% higher than the lowest price of $2.16 the company dropped to over past 52-weeks. The latest news story on BRBS appeared in (PR Newswire) under the title “Blue Ridge Bankshares, Inc. Announces 2024 Third Quarter Results”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -0.16% below one month high and is +20.68% above of the lowest during that time. Looking into the simple moving average, Blue Ridge Bankshares Inc (VA) (BRBS)’s stock stands at a SMA-50 of $2.79 while that of 5-day is reading $2.86.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BRBS’s SMA-200 as of now is $2.73.
Blue Ridge Bankshares Inc (VA) Earnings – What Happened With BRBS
Coming around sales and income figures on BRBS Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
BRBS – Blue Ridge Bankshares Inc (VA) Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 73.54 million. BRBS does have institutional investors; and they hold 16.79% of the stock.
Blue Ridge Bankshares Inc (VA) – Insider Activity and Holdings
As on 2024-06-30, BLACKBARN CAPITAL PARTNERS LP was the top most holder in Blue Ridge Bankshares Inc (VA) (AMEX:BRBS) with an ownership of 4.7 million shares of the company or 24.5211 of the stake worth $12.27 million. The filing also reveals AZORA CAPITAL LP as the second largest holder in the company with a control over 10.5046 of the outstanding shares. Its stake is worth $5.26 million for having 2.01 million shares in hand.
BANC FUNDS CO LLC also came holding a key position in the company during the recent quarter and it now holds 6.1878 of the outstanding shares. With this there are now 94.0 institutions which have possession in BRBS’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Blue Ridge Bankshares Inc (VA) has a debt to equity ratio of 0.71.
Technical Analysis of Blue Ridge Bankshares Inc (VA) (AMEX:BRBS) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Blue Ridge Bankshares Inc (VA) (BRBS), we notice that the stock’s 20-day average volume is at 592,060 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 542,278 shares. And to end, BRBS’s 100-day average volume is 365,058 shares with 100% of the long-term indicators pointing towards Buy for the stock.
