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1. Company Snapshot

1.a. Company Description

Blue Ridge Bankshares, Inc.operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services.It operates through: Commercial Banking and Mortgage Banking segments.


The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.It also offers commercial and industrial, residential mortgages, commercial mortgages, home equity, consumer installment, and guaranteed government loans; and mortgages loans on real estate.In addition, it provides wire, direct deposit payroll, remote deposit, payroll processing, electronic statement, and other services; and property and casualty insurance products to individuals and businesses, as well as online, mobile, and telephone banking services.


Further, the company offers employee benefit plans and administration services; management services for personal and corporate trusts, including estate planning and settlement, and trust administration, investment and wealth management, and other insurance products; and wholesale and third-party residential mortgage origination services to other financial institutions and credit unions.It has branches in Callao, Charlottesville, Chester, Colonial Heights, Culpeper, Fredericksburg, Gordonsville, Harrisonburg, Hartfield, Henrico, Kilmarnock, Louisa, Luray, Martinsville, Midlothian, Mineral, Montross, Orange, Petersburg, Richmond, Shenandoah, Suffolk, Virginia Beach, Warsaw, and White Stone, Virginia; and Greensboro, North Carolina.The company was founded in 1893 and is headquartered in Charlottesville, Virginia.

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1.b. Last Insights on BRBS

Blue Ridge Bankshares' recent performance was driven by sequential improvement in deposit growth, reduction in noninterest expenses, and decrease in nonperforming assets. The company successfully exited its banking-as-a-service depository operations, which should improve overall efficiency and profitability. Regulatory remediation efforts are on track, indicating a positive direction for the company. Additionally, the company is focused on reducing expenses and improving profitability, which should benefit shareholders in the long run.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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HALPER SADEH LLC ENCOURAGES LIVE NATION ENTERTAINMENT, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

Nov -30

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Blue Ridge Bankshares Gains 8.6% in 3 Months: How to Play the Stock?

Nov -27

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Blue Ridge Bankshares, Inc. Announces Termination of Consent Order

Nov -13

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Blue Ridge Bankshares, Inc. Announces Special Cash Dividend

Oct -27

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BRBS Stock Gains Following Solid Q3 Earnings and Capital Strength

Oct -27

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Isabella Bank (OTCMKTS:ISBA) & Blue Ridge Bankshares (NASDAQ:BRBS) Critical Analysis

Oct -24

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BRBS Investors Have the Opportunity to Join Investigation of Blue Ridge Bankshares, Inc. with the Schall Law Firm

Oct -23

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Halper Sadeh LLC Encourages Blue Ridge Bankshares, Inc. Shareholders to Contact the Firm to Discuss Their Rights

Oct -23

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.47%)

6. Segments

Commercial Banking

Expected Growth: 5.5%

Growing demand for cash management and lending services, increasing adoption of digital banking, and rising need for treasury services among businesses are expected to drive the growth of commercial banking segment of Blue Ridge Bankshares, Inc.

Mortgage Banking

Expected Growth: 5.5%

Increasing demand for home loans, competitive rates, and personalized service drive growth in Mortgage Banking. Strong economic indicators, low unemployment, and rising housing prices also contribute to the segment's growth.

Parent Only

Expected Growth: 4.5%

Parent-only performance of Blue Ridge Bankshares, Inc. is driven by its strong loan portfolio growth, improved net interest margin, and effective cost management. These factors are expected to contribute to a steady growth rate, despite potential headwinds from rising competition and regulatory pressures.

Eliminations

Expected Growth: 4.5%

The elimination of intercompany transactions and balances from Blue Ridge Bankshares, Inc. is driven by the need for consolidated financial statements, enhancing transparency and accuracy. This process is fueled by regulatory requirements, increasing demand for financial clarity, and the growing complexity of financial transactions.

7. Detailed Products

Personal Banking

A range of personal banking services including checking and savings accounts, credit cards, loans, and investment products.

Business Banking

Customized banking solutions for businesses, including checking and savings accounts, credit cards, loans, and cash management services.

Mortgage Lending

A range of mortgage loan options for purchasing or refinancing a home, including fixed-rate and adjustable-rate loans.

Commercial Lending

Customized loan solutions for businesses, including commercial real estate loans, construction loans, and lines of credit.

Wealth Management

Comprehensive wealth management services, including investment management, financial planning, and retirement planning.

Treasury Management

A range of cash management services, including account management, payment processing, and fraud prevention.

8. Blue Ridge Bankshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Blue Ridge Bankshares, Inc. is medium due to the presence of alternative financial institutions and digital payment systems.

Bargaining Power Of Customers

The bargaining power of customers for Blue Ridge Bankshares, Inc. is low due to the lack of concentration of buyers and the limited ability of individual customers to influence prices.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Blue Ridge Bankshares, Inc. is medium due to the presence of multiple suppliers and the moderate level of dependence on these suppliers.

Threat Of New Entrants

The threat of new entrants for Blue Ridge Bankshares, Inc. is high due to the relatively low barriers to entry and the attractiveness of the financial services industry.

Intensity Of Rivalry

The intensity of rivalry for Blue Ridge Bankshares, Inc. is high due to the presence of multiple competitors and the high level of competition in the financial services industry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 63.01%
Debt Cost 5.60%
Equity Weight 36.99%
Equity Cost 6.53%
WACC 5.94%
Leverage 170.33%

11. Quality Control: Blue Ridge Bankshares, Inc. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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CapFed

A-Score: 5.7/10

Value: 5.2

Growth: 0.8

Quality: 5.0

Yield: 9.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

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Rhinebeck Bancorp

A-Score: 4.7/10

Value: 7.5

Growth: 1.7

Quality: 3.5

Yield: 0.0

Momentum: 8.5

Volatility: 7.0

1-Year Total Return ->

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John Marshall Bancorp

A-Score: 4.7/10

Value: 5.7

Growth: 4.7

Quality: 6.1

Yield: 2.0

Momentum: 4.0

Volatility: 5.7

1-Year Total Return ->

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Broadway Financial

A-Score: 4.5/10

Value: 5.2

Growth: 5.3

Quality: 4.7

Yield: 0.0

Momentum: 7.5

Volatility: 4.3

1-Year Total Return ->

Stock-Card
Bogota Financial

A-Score: 4.2/10

Value: 4.4

Growth: 2.1

Quality: 2.6

Yield: 0.0

Momentum: 8.0

Volatility: 8.0

1-Year Total Return ->

Stock-Card
Blue Ridge Bankshares

A-Score: 4.1/10

Value: 2.6

Growth: 1.4

Quality: 4.2

Yield: 2.0

Momentum: 9.0

Volatility: 5.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.4$

Current Price

4.4$

Potential

-0.00%

Expected Cash-Flows