James Pollock Acquires 714 Shares of Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) insider James Pollock bought 714 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the purchase, the insider directly owned 3,845 shares of the company’s stock, valued at approximately $135,536.25. This trade represents a 22.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Chain Bridge Bancorp Stock Down 0.8%

Shares of CBNA traded down $0.28 during trading hours on Friday, reaching $34.97. 6,764 shares of the company traded hands, compared to its average volume of 5,151. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $38.42. The company’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $32.74. The company has a market capitalization of $229.40 million, a price-to-earnings ratio of 11.35 and a beta of 0.53.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $14.70 million during 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, analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

CBNA has been the topic of several research reports. Raymond James Financial lowered Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $33.00.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several institutional investors and hedge funds have recently modified their holdings of CBNA. Royce & Associates LP grew its stake 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 acquiring an additional 109,495 shares during the period. GSA Capital Partners LLP bought a new stake in Chain Bridge Bancorp during the 3rd quarter worth approximately $304,000. SPC Financial Inc. purchased a new position in Chain Bridge Bancorp during the third quarter valued at approximately $250,000. Elevation Point Wealth Partners LLC purchased a new position in Chain Bridge Bancorp during the second quarter valued at approximately $53,000. Finally, AlphaCore Capital LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter worth approximately $265,000.

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.