Siena Capital Partners GP LLC Buys 112,043 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Siena Capital Partners GP LLC boosted its position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,130 shares of the company’s stock after buying an additional 112,043 shares during the quarter. Blue Ridge Bankshares accounts for approximately 1.9% of Siena Capital Partners GP LLC’s investment portfolio, making the stock its 8th largest position. Siena Capital Partners GP LLC’s holdings in Blue Ridge Bankshares were worth $5,889,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BRBS. Fourthstone LLC raised its stake in shares of Blue Ridge Bankshares by 397.0% during the 1st quarter. Fourthstone LLC now owns 746,131 shares of the company’s stock worth $16,370,000 after purchasing an additional 595,989 shares in the last quarter. EJF Capital LLC acquired a new stake in Blue Ridge Bankshares in the 1st quarter valued at $9,217,000. Banc Funds Co. LLC boosted its stake in Blue Ridge Bankshares by 171.7% in the 1st quarter. Banc Funds Co. LLC now owns 611,312 shares of the company’s stock valued at $13,412,000 after buying an additional 386,312 shares in the last quarter. Alliancebernstein L.P. raised its position in Blue Ridge Bankshares by 50.0% in the 2nd quarter. Alliancebernstein L.P. now owns 476,329 shares of the company’s stock valued at $8,345,000 after purchasing an additional 158,776 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in Blue Ridge Bankshares in the 1st quarter valued at $1,717,000.

NASDAQ:BRBS traded down $0.73 on Monday, hitting $17.01. The company’s stock had a trading volume of 14 shares, compared to its average volume of 65,183. Blue Ridge Bankshares, Inc. has a one year low of $8.98 and a one year high of $18.71. The stock has a fifty day moving average of $17.43 and a two-hundred day moving average of $16.61.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, October 21st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, October 20th.

Separately, TheStreet raised Blue Ridge Bankshares from a “d-” rating to a “c” rating in a research note on Wednesday, August 25th.

Blue Ridge Bankshares Company Profile

Blue Ridge Bankshares, Inc 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.

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Institutional Ownership by Quarter for Blue Ridge Bankshares (NASDAQ:BRBS)

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