67,500 Shares in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Bought by Royce & Associates LP

Royce & Associates LP acquired a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 67,500 shares of the company’s stock, valued at approximately $1,692,000. Royce & Associates LP owned about 1.03% of Chain Bridge Bancorp at the end of the most recent quarter.

Separately, Chevy Chase Trust Holdings LLC bought a new stake in shares of Chain Bridge Bancorp in the 4th quarter valued at about $226,000.

Insider Buying and Selling

In other news, major shareholder Martin S. Friedman acquired 1,088 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $26,645.12. Following the completion of the acquisition, the insider now owns 312,528 shares in the company, valued at $7,653,810.72. This represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Chain Bridge Bancorp Trading Up 1.9 %

NYSE CBNA opened at $23.36 on Friday. Chain Bridge Bancorp, Inc. has a one year low of $20.10 and a one year high of $27.56. The stock’s 50-day simple moving average is $24.02.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Tuesday, February 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.44 by $0.15. Research analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CBNA shares. Piper Sandler reduced their price objective on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James reissued a “strong-buy” rating and set a $34.00 price target (up from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th.

Chain Bridge Bancorp 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.