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

BRBS Board authorizes a share repurchase program of up to $15 million of its issued and outstanding common stock on August 25, 2025.

Management states that repurchases may be executed through open market purchases, block trades, or privately negotiated transactions in compliance with SEC Rule 10b-18.

Any repurchased shares will be canceled and returned to authorized but unissued status under applicable law, giving the company flexibility to modify or suspend the program based on price, business conditions, and market factors.

Blue Ridge Bankshares, Inc. (BRBS) offers commercial and consumer banking and related financial services through its Commercial Banking and Mortgage Banking segments.

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