Insider Buying: Chain Bridge Bancorp (NYSE:CBNA) Director Purchases 400 Shares of Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha purchased 400 shares of Chain Bridge Bancorp stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $35.04 per share, with a total value of $14,016.00. Following the completion of the transaction, the director owned 1,200 shares of the company’s stock, valued at $42,048. This represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chain Bridge Bancorp Price Performance

NYSE:CBNA traded up $0.53 during trading hours on Tuesday, reaching $35.19. The company had a trading volume of 3,727 shares, compared to its average volume of 5,122. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $38.42. The firm has a market cap of $230.81 million, a PE ratio of 11.42 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 $32.92.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data 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 analyst estimates of $13.66 million. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%. On average, analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Chain Bridge Bancorp in the 2nd quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Chain Bridge Bancorp in the 2nd quarter worth $33,000. Russell Investments Group Ltd. acquired a new position in Chain Bridge Bancorp during the second quarter worth $37,000. Elevation Point Wealth Partners LLC acquired a new position in Chain Bridge Bancorp during the second quarter worth $53,000. Finally, Wells Fargo & Company MN lifted its holdings 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.

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.