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Richard Spurzem Just Bought Shares In Blue Ridge Bankshares, Inc. (NYSEMKT:BRBS)

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Whilst it may not be a huge deal, we thought it was good to see that Richard Spurzem, who is a company insider, recently bought US$52k worth of stock, for US$20.70 per share. However, we do note that it only increased their holding by 0.4%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Blue Ridge Bankshares

Blue Ridge Bankshares Insider Transactions Over The Last Year

In fact, the recent purchase by Richard Spurzem was the biggest purchase of Blue Ridge Bankshares shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$20.60). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Richard Spurzem.

You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

AMEX:BRBS Recent Insider Trading, December 30th 2019
AMEX:BRBS Recent Insider Trading, December 30th 2019

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Blue Ridge Bankshares Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Blue Ridge Bankshares insiders own about US$34m worth of shares. That equates to 38% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Blue Ridge Bankshares Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Blue Ridge Bankshares shares, given these transactions (along with notable insider ownership of the company). Along with insider transactions, I recommend checking if Blue Ridge Bankshares is growing revenue. This free chart of historic revenue and earnings should make that easy.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.