Blue Ridge Bankshares, Inc. (BRBS) Board Authorizes a Share Repurchase Program of Up To $15 Million of Its Issued and Outstanding Common Stock

With significant hedge fund interest, Blue Ridge Bankshares, Inc. (NYSE:BRBS) secures a spot on our list of the 10 Best Bank Penny Stocks to Buy Right Now.

On August 25, 2025, Blue Ridge Bankshares, Inc. (NYSE:BRBS) announced that its Board authorized a share repurchase program of up to $15 million of its issued and outstanding common stock.

Blue Ridge Bankshares, Inc. (NYSE:BRBS)’s management stated that repurchases may be executed through open market purchases, block trades, or privately negotiated transactions, all in compliance with SEC Rule 10b-18.

According to Blue Ridge Bankshares, Inc. (NYSE:BRBS), any repurchased shares will be canceled and returned to authorized but unissued status under applicable law. The company emphasized flexibility to modify or suspend the program depending on price, business conditions, and market factors.

With its Commercial Banking and Mortgage Banking segments, Blue Ridge Bankshares, Inc. (NYSE:BRBS) offers commercial and consumer banking and related financial services. It is one of the Best Penny Stocks.

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