Magnolia Private Wealth LLC Invests $1.13 Million in Chain Bridge Bancorp, Inc. $CBNA

Magnolia Private Wealth LLC purchased a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,640 shares of the company’s stock, valued at approximately $1,131,000. Magnolia Private Wealth LLC owned approximately 0.50% of Chain Bridge Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBNA. JPMorgan Chase & Co. bought a new position in Chain Bridge Bancorp in the 2nd quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chain Bridge Bancorp in the second quarter worth about $33,000. Russell Investments Group Ltd. purchased a new stake in shares of Chain Bridge Bancorp in the second quarter worth about $37,000. New York State Common Retirement Fund bought a new position in shares of Chain Bridge Bancorp in the second quarter valued at approximately $101,000. Finally, Acadian Asset Management LLC bought a new position in shares of Chain Bridge Bancorp in the first quarter valued at approximately $131,000.

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $37.03 on Friday. Chain Bridge Bancorp, Inc. has a 1-year low of $23.76 and a 1-year high of $38.50. The company has a market capitalization of $242.88 million, a P/E ratio of 11.19 and a beta of 0.45. The firm’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $34.68.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. The business had revenue of $17.37 million during the quarter, compared to analysts’ expectations of $15.49 million. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. On average, equities analysts anticipate that Chain Bridge Bancorp, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In related news, insider James R. Pollock bought 714 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the transaction, the insider owned 3,845 shares of the company’s stock, valued at approximately $135,536.25. The trade was a 22.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 25.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CBNA shares. Hovde Group upped their target price on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Piper Sandler assumed coverage on shares of Chain Bridge Bancorp in a report on Monday, March 16th. They issued a “neutral” rating and a $39.00 price target for the company. Zacks Research raised shares of Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $38.50.

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.