BlackRock Amends Blue Ridge Bankshares Stake as of Dec 31, 2023
Ticker: BRBS · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 842717
| Field | Detail |
|---|---|
| Company | Blue Ridge Bankshares, INC. (BRBS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Blue Ridge Bankshares, signaling a potential shift in institutional interest.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A, indicating a change in its ownership stake in Blue Ridge Bankshares, Inc. as of December 31, 2023. This filing, made on January 29, 2024, updates their previous disclosure regarding their passive investment in the bank's common stock. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding Blue Ridge Bankshares, potentially influencing other investors' perceptions.
Why It Matters
This filing shows an update to a significant institutional investor's position, which can influence market sentiment and the perceived stability of Blue Ridge Bankshares.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
Investors should monitor future filings from BlackRock and other institutional investors for Blue Ridge Bankshares to gauge evolving sentiment, but this specific filing is a routine update and not a strong buy/sell signal.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Blue Ridge Bankshares, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 1)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is BLUE RIDGE BANKSHARES, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BLUE RIDGE BANKSHARES, INC.' and '(Name of Issuer) BLUE RIDGE BANKSHARES, INC.'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated by '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding BLUE RIDGE BANKSHARES, INC. (BRBS).