Chain Bridge Bancorp (NYSE:CBNA) Director Leigh-Alexandra Basha Purchases 400 Shares

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha purchased 400 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $35.04 per share, for a total transaction of $14,016.00. Following the purchase, the director directly owned 1,200 shares of the company’s stock, valued at approximately $42,048. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Chain Bridge Bancorp Stock Up 1.5%

Shares of CBNA traded up $0.53 during mid-day trading on Tuesday, hitting $35.19. 3,727 shares of the company traded hands, compared to its average volume of 5,122. The company has a market capitalization of $230.81 million, a PE ratio of 11.42 and a beta of 0.54. The business has a 50 day moving average of $34.81 and a 200 day moving average of $32.92. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, topping 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 net margin of 34.11% and a return on equity of 12.88%. As a group, research analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

CBNA has been the topic of several research analyst reports. Zacks Research upgraded 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 note on Monday, December 29th. Finally, Raymond James Financial downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 7th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $33.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in Chain Bridge Bancorp in the first quarter valued at $131,000. Geode Capital Management LLC raised its stake in shares of Chain Bridge Bancorp by 115.3% during the 2nd quarter. Geode Capital Management LLC now owns 58,843 shares of the company’s stock valued at $1,517,000 after buying an additional 31,510 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter valued at about $29,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $37,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $53,000.

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.