Chain Bridge Bancorp (NYSE:CBNA) Insider Purchases $25,168.50 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) insider James Pollock acquired 714 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the acquisition, the insider directly owned 3,845 shares in the company, valued at approximately $135,536.25. The trade was a 22.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chain Bridge Bancorp Price Performance

Shares of CBNA stock traded down $0.28 on Friday, hitting $34.97. The stock had a trading volume of 6,764 shares, compared to its average volume of 5,151. The business has a 50 day moving average of $34.82 and a 200 day moving average of $32.74. Chain Bridge Bancorp, Inc. has a 12-month low of $20.01 and a 12-month high of $38.42. The stock has a market cap of $229.40 million, a price-to-earnings ratio of 11.35 and a beta of 0.53.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share 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 the consensus estimate 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 earnings per share for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Chain Bridge Bancorp by 2.2% in the fourth quarter. State Street Corp now owns 18,889 shares of the company’s stock worth $654,000 after purchasing an additional 400 shares during the last quarter. Barclays PLC raised its holdings in Chain Bridge Bancorp by 9.1% during the 4th quarter. Barclays PLC now owns 6,303 shares of the company’s stock valued at $218,000 after buying an additional 525 shares during the last quarter. Wells Fargo & Company MN boosted its position in Chain Bridge Bancorp by 49.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after buying an additional 815 shares during the period. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp in the 2nd quarter worth $29,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chain Bridge Bancorp in the 2nd quarter worth $33,000.

Wall Street Analysts Forecast Growth

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