Insider Buying: Chain Bridge Bancorp (NYSE:CBNA) Director Acquires $11,988.00 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha purchased 400 shares of the company’s stock in a transaction on Sunday, June 29th. The shares were purchased at an average cost of $29.97 per share, with a total value of $11,988.00. Following the purchase, the director owned 400 shares of the company’s stock, valued at approximately $11,988. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Chain Bridge Bancorp Trading Down 0.8%

Shares of Chain Bridge Bancorp stock opened at $34.97 on Monday. The firm has a market capitalization of $229.40 million, a PE ratio of 11.35 and a beta of 0.54. The business’s 50-day moving average price is $34.81 and its 200-day moving average price is $32.87. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $14.70 million during 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%. As a group, analysts predict that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBNA. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp in the second quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chain Bridge Bancorp during the 2nd quarter valued at $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 shares of Chain Bridge Bancorp by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after purchasing an additional 815 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CBNA shares. Raymond James Financial lowered shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 7th. Zacks Research raised shares of Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $33.00.

About Chain Bridge Bancorp

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.