Chain Bridge Bancorp (NYSE:CBNA) Director Buys $17,600.00 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Mark Martinelli bought 400 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were bought at an average cost of $44.00 per share, for a total transaction of $17,600.00. Following the transaction, the director owned 3,000 shares in the company, valued at $132,000. The trade was a 15.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Chain Bridge Bancorp Trading Down 0.3%

Shares of NYSE CBNA traded down $0.14 during midday trading on Friday, reaching $45.51. The company had a trading volume of 29,878 shares, compared to its average volume of 8,515. The business’s 50-day simple moving average is $39.78 and its 200 day simple moving average is $37.02. The stock has a market cap of $298.51 million, a P/E ratio of 11.21 and a beta of 0.24. Chain Bridge Bancorp, Inc. has a 1 year low of $25.76 and a 1 year high of $46.90.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.75%. The firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.98 million. Analysts predict that Chain Bridge Bancorp, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CBNA shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a research note on Wednesday. Hovde Group raised their price objective on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Wall Street Zen raised Chain Bridge Bancorp to a “buy” rating in a report on Saturday, July 18th. Finally, Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $38.50.

Institutional Trading of Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in Chain Bridge Bancorp during the second quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter valued at approximately $37,000. Wells Fargo & Company MN lifted its stake 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 valued at $85,000 after purchasing an additional 815 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in Chain Bridge Bancorp during the second quarter worth $101,000.

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.