Chain Bridge Bancorp, Inc. $CBNA Shares Purchased by Hingham Institution for Savings

Hingham Institution for Savings boosted its position in Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 334,137 shares of the company’s stock after buying an additional 25,525 shares during the period. Chain Bridge Bancorp makes up approximately 10.5% of Hingham Institution for Savings’ investment portfolio, making the stock its 4th largest holding. Hingham Institution for Savings owned 0.05% of Chain Bridge Bancorp worth $14,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Magnolia Private Wealth LLC acquired a new stake in shares of Chain Bridge Bancorp in the fourth quarter worth $1,131,000. Elevation Point Wealth Partners LLC acquired a new position in Chain Bridge Bancorp during the first quarter valued at $647,000. Militia Capital Management LLC purchased a new stake in Chain Bridge Bancorp in the first quarter valued at $593,000. Royce & Associates LP boosted its holdings in Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock valued at $9,635,000 after purchasing an additional 32,415 shares during the last quarter. Finally, Gator Capital Management LLC grew its position in Chain Bridge Bancorp by 0.8% during the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after purchasing an additional 1,635 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Zacks Research lowered shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chain Bridge Bancorp currently has a consensus rating of “Hold” and an average target price of $42.17.

Chain Bridge Bancorp Trading Up 1.5%

Shares of Chain Bridge Bancorp stock opened at $47.53 on Friday. The firm has a market capitalization of $311.83 million, a PE ratio of 11.71 and a beta of 0.20. Chain Bridge Bancorp, Inc. has a twelve month low of $28.10 and a twelve month high of $49.13. The firm’s 50-day moving average price is $44.66 and its 200 day moving average price is $39.20.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. On average, sell-side analysts predict that Chain Bridge Bancorp, Inc. will post 5.13 EPS for the current fiscal year.

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.