Royce & Associates LP Purchases 109,495 Shares of Chain Bridge Bancorp, Inc. $CBNA

Royce & Associates LP grew its holdings in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 80.4% in the third quarter, HoldingsChannel.com reports. The fund owned 245,721 shares of the company’s stock after acquiring an additional 109,495 shares during the quarter. Royce & Associates LP’s holdings in Chain Bridge Bancorp were worth $8,042,000 at the end of the most recent quarter.

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 stake in shares of Chain Bridge Bancorp during the 2nd quarter valued at about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $37,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Chain Bridge Bancorp in the 2nd quarter valued at $53,000. Finally, Cannell Capital LLC lifted its position in shares of Chain Bridge Bancorp by 17.3% during the 2nd quarter. Cannell Capital LLC now owns 18,145 shares of the company’s stock valued at $468,000 after acquiring an additional 2,673 shares during the period.

Chain Bridge Bancorp Trading Down 0.3%

CBNA opened at $35.74 on Wednesday. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $38.42. The company has a market cap of $234.45 million, a price-to-earnings ratio of 11.60 and a beta of 0.53. The company’s fifty day moving average price is $34.80 and its two-hundred day moving average price is $32.70.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The firm 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, equities analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBNA. Raymond James Financial cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a 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 Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chain Bridge Bancorp presently has a consensus rating of “Reduce” and a consensus target price of $33.00.

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.