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

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha acquired 400 shares of the stock in a transaction that occurred on Sunday, June 29th. The shares were bought at an average price of $29.97 per share, with a total value of $11,988.00. Following the completion of the transaction, the director owned 400 shares in the company, valued at $11,988. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Chain Bridge Bancorp Trading Down 0.8%

Chain Bridge Bancorp stock traded down $0.28 during mid-day trading on Friday, reaching $34.97. The company had a trading volume of 6,764 shares, compared to its average volume of 5,151. The business has a fifty day simple moving average of $34.82 and a 200 day simple moving average of $32.74. The company has a market cap of $229.40 million, a P/E ratio of 11.35 and a beta of 0.53. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $14.70 million during the quarter, compared to analysts’ expectations of $13.66 million. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%. Research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of CBNA. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp during the second quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Chain Bridge Bancorp during the second quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp during the second quarter worth approximately $37,000. Elevation Point Wealth Partners LLC bought a new position in shares of Chain Bridge Bancorp in the 2nd quarter worth $53,000. Finally, Wells Fargo & Company MN lifted its holdings 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 in the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research raised Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Finally, Raymond James Financial downgraded shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chain Bridge Bancorp currently has an average 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.