Insider Buying: Chain Bridge Bancorp (NYSE:CBNA) Director Buys $12,192.00 in 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 Tuesday, November 18th. The stock was acquired at an average cost of $30.48 per share, with a total value of $12,192.00. Following the transaction, the director owned 1,200 shares in the company, valued at $36,576. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chain Bridge Bancorp Trading Down 0.8%

Shares of CBNA stock opened at $34.97 on Monday. The firm has a fifty day simple moving average of $34.81 and a two-hundred day simple moving average of $32.87. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $38.42. The firm has a market capitalization of $229.40 million, a PE ratio of 11.35 and a beta of 0.54.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $14.70 million for the quarter, compared to analyst estimates of $13.66 million. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. On average, equities analysts predict that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds have recently bought and sold shares of the business. Hingham Institution for Savings purchased a new position in Chain Bridge Bancorp in the fourth quarter worth $10,169,000. Royce & Associates LP increased its position in shares of Chain Bridge Bancorp by 80.4% during the 3rd quarter. Royce & Associates LP now owns 245,721 shares of the company’s stock valued at $8,042,000 after purchasing an additional 109,495 shares during the last quarter. Beartown Capital Management LLC purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter valued at $2,626,000. Cannell Capital LLC raised its stake in shares of Chain Bridge Bancorp by 239.5% during the 3rd quarter. Cannell Capital LLC now owns 61,609 shares of the company’s stock worth $2,016,000 after purchasing an additional 43,464 shares during the period. Finally, RMR Wealth Builders bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth $1,341,000.

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.