Bullish indicating open at $55-$60, IPO prices at $37
In a recent transaction reported to the Securities and Exchange Commission, Brett Raynor, the Chief Accounting Officer of Blue Ridge Bankshares , Inc. (NYSE:BRBS), a $312 million market cap bank trading near its 52-week high, sold 2,000 shares of the company’s common stock. According to InvestingPro data, the company currently shows weak financial health metrics and hasn’t been profitable over the last twelve months. The shares were sold at a price of $3.34 each, totaling $6,680. Following this transaction, Raynor holds 7,829 shares directly. Additionally, Raynor maintains indirect ownership of 25 shares through an Employee Stock Ownership Plan (ESOP) and 20 shares through a 401K plan. Despite trading below book value with a P/B ratio of 0.92, the stock has gained nearly 6% year-to-date. For deeper insights into insider trading patterns and additional financial metrics, consider exploring InvestingPro, which offers 12+ additional investment tips for BRBS.
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