Chain Bridge Bancorp (NYSE:CBNA) Insider James Pollock Buys 714 Shares

Chain Bridge Bancorp, Inc. (NYSE:CBNA) insider James Pollock acquired 714 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the purchase, the insider owned 3,845 shares in the company, valued at approximately $135,536.25. This represents a 22.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA traded down $0.28 during trading on Friday, hitting $34.97. The stock had a trading volume of 6,764 shares, compared to its average volume of 5,211. The firm has a fifty day moving average of $34.81 and a two-hundred day moving average of $32.79. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $38.42. The company has a market capitalization of $229.40 million, a PE ratio of 11.35 and a beta of 0.53.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $14.70 million for the quarter, compared to the consensus estimate of $13.66 million. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%. On average, equities analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chain Bridge Bancorp in the 2nd quarter worth $33,000. Russell Investments Group Ltd. bought a new position in Chain Bridge Bancorp in the 2nd quarter worth $37,000. Elevation Point Wealth Partners LLC bought a new position in Chain Bridge Bancorp in the 2nd quarter worth $53,000. Finally, Wells Fargo & Company MN lifted its position in Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after purchasing an additional 815 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on CBNA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Chain Bridge Bancorp in a research note on Monday, December 29th. Zacks Research raised Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Raymond James Financial downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.00.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc (NYSE: CBNA) is the bank holding company for Chain Bridge Bank, a full-service community commercial bank headquartered in Oakton, Virginia. Founded in 1999, the company is focused on serving small- and middle-market businesses, professional firms and individual clients throughout the Washington, DC metropolitan area.

Through its subsidiary, Chain Bridge Bank provides a comprehensive suite of deposit products, including checking, savings and money market accounts, as well as time deposits.