Royce & Associates LP Has $8.04 Million Position in Chain Bridge Bancorp, Inc. $CBNA

Royce & Associates LP lifted its stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 80.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,721 shares of the company’s stock after purchasing an additional 109,495 shares during the quarter. Royce & Associates LP owned 3.75% of Chain Bridge Bancorp worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in Chain Bridge Bancorp in the second quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter valued at $37,000. Elevation Point Wealth Partners LLC bought a new stake in Chain Bridge Bancorp during the 2nd quarter worth $53,000. Finally, New York State Common Retirement Fund acquired a new position in Chain Bridge Bancorp in the 2nd quarter worth about $101,000.

Analyst Upgrades and Downgrades

CBNA has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Chain Bridge Bancorp in a research note 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 report on Wednesday, January 7th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chain Bridge Bancorp presently has a consensus rating of “Reduce” and an average price target of $33.00.

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $35.74 on Wednesday. The business has a 50-day moving average of $34.80 and a 200-day moving average of $32.70. The company has a market capitalization of $234.45 million, a price-to-earnings ratio of 11.60 and a beta of 0.53. Chain Bridge Bancorp, Inc. has a 1 year low of $20.01 and a 1 year high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%.The business had revenue of $14.70 million for the quarter, compared to analysts’ expectations of $13.66 million. As a group, sell-side analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

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.