Amalgamated Bank Purchases New Position in Blue Ridge Bankshares,

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Blue Ridge Bankshares ($NYSEAM:BRBS), Inc. is a holding company for Blue Ridge Bank. It offers a range of personal and business banking services, including checking and savings accounts, loans, and investments. Amalgamated Bank intends to maintain Blue Ridge Bank’s local brand and commitment to its customers and employees.

Market Price

On Monday, Blue Ridge Bankshares, Inc. stock opened at $13.0 and closed at $13.1, up by 1.5% from prior closing price of 12.9. The company’s stock price has been on the rise since early this year, and this latest development indicates that the trend is likely to continue. This positive development comes on the heels of news that Amalgamated Bank has purchased a new position in the company. Amalgamated Bank is one of the largest banks in the United States, and its investment in Blue Ridge Bankshares is a vote of confidence in the company’s future.

With Amalgamated Bank’s backing, Blue Ridge Bankshares is well-positioned to continue its upward trajectory. Investors are sure to keep a close eye on the company in the coming months, and the stock is likely to remain in high demand. Live Quote…

About the Company

VI Analysis

Companies with strong fundamentals are typically those with a long-term growth potential. The VI app makes it easy to analyze a company’s fundamentals and identify those that are most likely to succeed in the long run. One key metric to look at is the company’s health score. This score reflects the company’s ability to generate cash flows and pay down debt. A high health score indicates that the company is financially stable and is unlikely to default on its debts. BLUE RIDGE BANKSHARES has a high health score of 9/10, which indicates that it is a financially strong company with a low risk of bankruptcy. The company is also strong in growth, and medium in profitability, asset, and dividend. BLUE RIDGE BANKSHARES is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Companies like BLUE RIDGE BANKSHARES are typically of interest to growth investors. More…

VI Peers

In the banking industry, competition is fierce. Different banks offer different products and services, and it can be difficult for consumers to know which bank is right for them. When choosing a bank, it is important to consider the fees, interest rates, and other factors that can affect your decision. The company has branches in Virginia, North Carolina, and South Carolina. Uwharrie Capital Corp is a regional bank that operates in North Carolina and Virginia. National Bank Holdings Corp is a national bank that offers a wide variety of banking products and services. Merchants & Marine Bancorp Inc is a regional bank that operates in Mississippi, Alabama, and Louisiana.

– Uwharrie Capital Corp ($OTCPK:UWHR)

Wharrie Capital Corp is a publicly traded company with a market capitalization of $45.4 million as of 2022. The company is engaged in the business of providing financing solutions to small and medium sized businesses in the United States. Wharrie Capital Corp is headquartered in Charlotte, North Carolina.

– National Bank Holdings Corp ($NYSE:NBHC)

As of 2022, National Bank Holdings Corporation had a market capitalization of $1.58 billion. The company is a bank holding company that operates through its subsidiaries, which provide banking and related financial services to retail, commercial, and corporate customers. It offers a range of deposit products and services, including checking and savings accounts, money market and certificates of deposit, and online and mobile banking. The company also provides lending products and services, such as consumer loans, mortgages, commercial loans, and lines of credit. In addition, it offers investment management, trust, and private banking services.

– Merchants & Marine Bancorp Inc ($OTCPK:MNMB)

Merchants & Marine Bancorp Inc is a bank holding company that operates through its subsidiary, Merchants Bank. The Bank offers a range of banking services to individuals and businesses in its market area, which includes southern Mississippi and central Alabama. As of December 31, 2016, the Bank operated 25 full-service banking offices and one loan production office.

Summary

Blue Ridge Bankshares, Inc. is a bank holding company for Blue Ridge Bank . The Bank is a community-oriented financial institution offering a range of banking services to individuals and businesses in its market area. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation .