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An update from Blue Ridge Bankshares ( (BRBS) ) is now available.
Blue Ridge Bankshares, Inc. announced that G. William “Billy” Beale retired as president and chief executive officer of the company and CEO of Blue Ridge Bank on March 6, 2026, after leading the bank since May 2023 and overseeing its exit from an OCC Consent Order tied to prior activities. Under a March 12, 2026 retirement agreement, Beale receives his 2025 bonus, accelerated vesting of restricted stock and a package of lump-sum and monthly payments, while both sides agreed to mutual non-disparagement and he resigned all board and fiduciary roles.
The boards named Executive Vice President and Chief Credit Officer Harry Golliday as interim CEO and president of the company and interim CEO of the bank effective March 6, 2026, positioning a veteran risk specialist to steer the lender following its return to profitability and the November 2025 termination of the consent order. With more than four decades in financial services and a contract that includes defined severance and non-compete terms, Golliday is expected to focus on growth, capital management and strategic opportunities as Blue Ridge Bank continues reshaping its balance sheet and business mix.
The most recent analyst rating on (BRBS) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Blue Ridge Bankshares stock, see the BRBS Stock Forecast page.
Spark’s Take on BRBS Stock
According to Spark, TipRanks’ AI Analyst, BRBS is a Neutral.
The score is held back primarily by weak/unclear current cash generation (2025 cash flow reported at zero) and a still-fragile financial recovery despite improved earnings and reduced leverage. Technicals are neutral, valuation is stretched with a high P/E, while the OCC consent order termination is a notable positive offset.
To see Spark’s full report on BRBS stock, click here.
More about Blue Ridge Bankshares
Blue Ridge Bankshares, Inc., listed on the NYSE American under the ticker BRBS, is the holding company for Blue Ridge Bank and BRB Financial Group, Inc. Through its subsidiaries and affiliates, the company offers retail and commercial banking services, as well as investment and wealth management, personal and corporate trust management, estate planning and trust administration, with a focus on the communities it serves.
Average Trading Volume: 204,438
Technical Sentiment Signal: Sell
Current Market Cap: $362.3M
Learn more about BRBS stock on TipRanks’ Stock Analysis page.