NYSEAM:BRBSBanks
Blue Ridge Bankshares (BRBS) Stock Faces Credit Strain After Profitability Slips
Blue Ridge Bankshares stock barely budged today, up less than 1%, which indicates the market is still undecided. Yet the headline from this quarter is not the tiny move in the share price. It is the pressure building on profitability as loan quality strains the story.
Quarterly earnings slipped into a small loss and non performing loans climbed to about US$31.2m. At the same time the stock trades on a trailing P/E of 29.3x, well above the broader US banks group. That mix of rising credit...