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BRBS Blue Ridge Bankshares Inc

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. The company was founded in 1893 is headquartered in Charlottesville, VA.

Company profile

Ticker
BRBS
Exchange
Website
CEO
Brian K. Plum
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BLUE RIDGE BANKSHARES INC
SEC CIK
IRS number
541470908

BRBS stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Feb 21 Farmar Richard A III Common Stock Buy Aquire P No No 19.6853 505 9.94K 26,723

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

2.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 20 -85.0%
Opened positions 1 4 -75.0%
Closed positions 18 3 +500.0%
Increased positions 1 6 -83.3%
Reduced positions 1 6 -83.3%
13F shares
Current Prev Q Change
Total value 8.29M 18.24M -54.5%
Total shares 465.5K 1.35M -65.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Alliancebernstein 317.55K $5.66M +2.0%
Endeavour Capital Advisors 142.05K $2.53M -43.8%
Spurzem Richard T 5.89K $105K NEW
Largest transactions
Shares Bought/sold Change
Banc Funds 0 -225K EXIT
Siena Capital Partners GP 0 -200.5K EXIT
Cutler Capital Management 0 -117.5K EXIT
Endeavour Capital Advisors 142.05K -110.61K -43.8%
Manchester Capital Management 0 -73.64K EXIT
Gendell Jeffrey L 0 -56.49K EXIT
Wellington Management 0 -33.91K EXIT
Millennium Management 0 -27.46K EXIT
Bridgeway Capital Management 0 -15K EXIT
BLK Blackrock 0 -12.51K EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic and measures intended to prevent its spread have adversely affected, and may continue to adversely affect, the Company’s business, financial condition, and operations; the extent of such impacts are highly uncertain and difficult to predict.
  • Changes in economic conditions, especially in the areas in which the Company conducts operations, could materially and negatively affect its business.
  • The Company may be adversely impacted by changes in market conditions.
  • The Company’s business and earnings are impacted by governmental, fiscal, and monetary policy over which it has no control.
  • The Company faces strong and growing competition from financial services companies and other companies that offer banking and other financial services, which could negatively affect the Company’s business.
  • Consumers may increasingly decide not to use banks to complete their financial transactions, which would have a material adverse impact on the Company’s financial condition and operations.
  • The Company’s credit standards and its on-going credit assessment processes might not protect it from significant credit losses.
  • The Bank’s allowance for loan losses may be insufficient and any increases in the allowance for loan losses may have a material adverse effect on the Company’s financial condition and results of operations.
  • The Company’s focus on lending to small to mid-sized community-based businesses may increase its credit risk.
  • The Company’s concentration in loans secured by real estate may increase its future credit losses, which would negatively affect the Company’s financial results.
  • The Company has a moderate concentration of credit exposure in commercial real estate and loans with this type of collateral are viewed as having more risk of default.
  • A portion of the Company’s loan portfolio consists of construction and land development loans, and a decline in real estate values and economic conditions would adversely affect the value of the collateral securing the loans and could have an adverse effect on the Company’s financial condition.
  • The Company’s results of operations are significantly affected by the ability of borrowers to repay their loans.
  • The Company depends on the accuracy and completeness of information about clients and counterparties and the Company’s financial condition could be adversely affected if it relies on misleading or incorrect information.
  • The Company relies upon independent appraisals to determine the value of the real estate that secures a significant portion of its loans and the value of foreclosed properties carried on its books, and the values indicated by such appraisals may not be realizable if it is forced to foreclose upon such loans or liquidate such foreclosed property.
  • The Company is exposed to risk of environmental liabilities with respect to properties to which it takes title.
  • Combining the Company and Bay Banks may be more difficult, costly or time-consuming than expected.
  • The Company may not be able to effectively integrate the operations of the Bank and Virginia Commonwealth Bank.
  • The Company may not be able to successfully manage its long-term growth, which may adversely affect its results of operations and financial condition.
  • The Company’s business is subject to interest rate risk, and variations in interest rates and inadequate management of interest rate risk may negatively affect financial performance.
  • The Company’s liquidity needs could adversely affect results of operations and financial condition.
  • The Company may need to raise additional capital in the future and may not be able to do so on acceptable terms, or at all.
  • Future issuances of the Company’s common stock could adversely affect the market price of the common stock and could be dilutive.
  • Recently enacted capital standards, including the Basel III Capital Rules, may require the Company and the Bank to maintain higher levels of capital and liquid assets, which could adversely affect the Company’s profitability and return on equity.
  • Regulatory and Operational
  • The Company operates in a highly regulated industry and the laws and regulations that govern the Company’s operations, corporate governance, executive compensation and financial accounting or reporting, including changes in them or the Company’s failure to comply with them, may adversely affect the Company.
  • Regulations issued by the CFPB could adversely impact earnings due to, among other things, increased compliance costs or costs due to noncompliance.
  • The Company is subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or another incident involving personal, confidential, or proprietary information of individuals could damage the Company’s reputation and otherwise adversely affect its business.
  • Changes in accounting standards could impact reported earnings.
  • Failure to maintain effective systems of internal and disclosure control could have a material adverse effect on the Company’s results of operation and financial condition.
  • The Company��s success depends on its management team, and the unexpected loss of any of these personnel could adversely affect operations.
  • The Company relies on other companies to provide key components of its business infrastructure.
  • The soundness of other financial institutions could adversely affect the Company.
  • The Company is subject to a variety of operational risks, including reputational risk, legal and compliance risk, and the risk of fraud or theft by employees or outsiders.
  • Pending litigation could result in a judgment against the Company resulting in the payment of damages.
  • The Company may be required to transition from the use of the LIBOR index in the future.
  • The Company’s operations may be adversely affected by cyber security risks.
  • The Company’s ability to operate profitably may be dependent on its ability to integrate or introduce various technologies into its operations.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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