Leigh-Alexandra Basha Buys 400 Shares of Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha purchased 400 shares of the stock in a transaction dated Sunday, June 29th. The shares were purchased at an average price of $29.97 per share, with a total value of $11,988.00. Following the transaction, the director directly owned 400 shares of the company’s stock, valued at approximately $11,988. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chain Bridge Bancorp Stock Down 0.8%

Shares of NYSE:CBNA opened at $34.97 on Friday. The company has a market cap of $229.47 million, a PE ratio of 11.35 and a beta of 0.53. The company’s 50-day moving average price is $34.81 and its 200 day moving average price is $32.83. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results 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. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. The firm had revenue of $14.70 million during the quarter, compared to analyst estimates of $13.66 million. As a group, equities analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of CBNA. Hingham Institution for Savings acquired a new stake in Chain Bridge Bancorp in the 4th quarter valued at about $10,169,000. Royce & Associates LP lifted its stake in Chain Bridge Bancorp by 13.2% during the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock valued at $9,635,000 after purchasing an additional 32,415 shares during the last quarter. Gator Capital Management LLC lifted its stake in Chain Bridge Bancorp by 0.8% during the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after purchasing an additional 1,635 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Chain Bridge Bancorp by 4.2% during the third quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock worth $3,682,000 after buying an additional 4,484 shares in the last quarter. Finally, Beartown Capital Management LLC acquired a new position in Chain Bridge Bancorp in the fourth quarter worth approximately $2,626,000.

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.