Blue Ridge Bankshares, Inc. (BRBS)

In the past six months, Blue Ridge Bankshares' stock has been impacted by several key events. The company announced a special cash dividend of $0.25 per share, payable on November 21, 2025. The third-quarter 2025 results showed a significant improvement in net income to $5.6 million, or $0.06 per diluted share, marking its highest quarterly profit since 2022, following which BRBS shares gained 1.4%. Over the past six months, the stock has seen a 25.29% gain. Other notable events include the repurchase of 659,949 shares under its $15 million stock repurchase program, totaling $2.8 million. Earlier in 2025, Blue Ridge Bankshares completed the sale of its Monarch Mortgage division and partially redeemed $10 million of subordinated notes in July 2025. The company also received an extension through December 2025 to accept, renew, or roll over brokered deposits. However, average balances of interest-earning assets and total deposits decreased due to the exit of fintech deposit operations and the payoff of wholesale deposits and borrowings.

The banking industry, including Blue Ridge Bankshares, experiences seasonal trends in loan demand, with the highest demand during the spring and summer months and the lowest in December. Demand increases again in March as spring approaches. These fluctuations are primarily influenced by changes in interest rates, with lower rates leading to increased demand.

Blue Ridge Bankshares, Inc. is a bank holding company based in Richmond, Virginia, operating in the Financial sector as a regional or state commercial bank. It provides financial services through its subsidiaries, including retail and commercial banking, investment and wealth management, and trust services. Its offerings include various accounts, loans, and insurance, along with government-guaranteed lending and employee benefit plan services.

Blue Ridge Bankshares, Inc. operates primarily throughout Virginia and north central North Carolina. In Virginia, Blue Ridge Bank maintains a network of branches across 23 cities and towns, including Callao, Charlottesville, Chester, Colonial Heights, Culpeper, Fredericksburg, Gordonsville, Harrisonburg, Hartfield, Kilmarnock, Louisa, Luray, Martinsville, Mineral, Montross, Orange, Petersburg, Richmond, Shenandoah, Suffolk, Virginia Beach, Warsaw, and White Stone. The company also has commercial loan production offices in Norfolk and Winchester, Virginia, and Greensboro, North Carolina.

Blue Ridge Bankshares has been working to improve its reputation following challenges related to its rapid expansion into fintech, which led to regulatory scrutiny. Recent results, including the highest profit since 2022 and the announcement of a special cash dividend, indicate a positive shift. Management commentary in Q3 2025 highlighted declining costs and lower regulatory expenses, further suggesting improved relations with regulators. The company has been actively repositioning itself to a more traditional community banking model by exiting its fintech partnerships to reduce risk and improve controls.

Blue Ridge Bankshares is owned by a mix of institutional shareholders, insiders, and retail investors. Institutional shareholders hold approximately 36.53% of the company, while insiders own about 29.45%, and retail investors hold 34.02%. Kenneth R. Lehman is identified as the largest individual shareholder, owning 21.71% of the company with nearly 20 million shares. Major institutional owners include Alliancebernstein L.P., Azora Capital LP, BlackRock, Inc., Vanguard Group Inc, BlackBarn Capital Partners LP, Banc Funds Co LLC, Wellington Management Group LLP, and North Reef Capital Management LP.