Chain Bridge Bancorp, Inc. (NYSE:CBNA) Major Shareholder Purchases $396,105.24 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) major shareholder Martin S. Friedman acquired 16,194 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $24.46 per share, for a total transaction of $396,105.24. Following the acquisition, the insider now directly owns 328,722 shares in the company, valued at approximately $8,040,540.12. This trade represents a 5.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $23.44 on Thursday. Chain Bridge Bancorp, Inc. has a 1 year low of $20.10 and a 1 year high of $27.56. The firm has a 50-day moving average of $24.42.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. As a group, sell-side analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CBNA shares. Hovde Group assumed coverage on shares of Chain Bridge Bancorp in a research note on Wednesday, November 20th. They set a “market perform” rating and a $26.00 price target on the stock. Piper Sandler upped their target price on shares of Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Raymond James reissued a “strong-buy” rating and issued a $34.00 price target (up previously from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd acquired a new stake in Chain Bridge Bancorp in the fourth quarter valued at $151,000. Bank of America Corp DE purchased a new position in shares of Chain Bridge Bancorp in the 4th quarter valued at about $210,000. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $226,000. Geode Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $507,000. Finally, Royce & Associates LP purchased a new stake in Chain Bridge Bancorp during the fourth quarter worth approximately $1,692,000.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc operates as a Delaware-chartered bank holding company for Chain Bridge Bank, National Association that provides commercial and personal banking, and trust services in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.