James Pollock Buys 714 Shares of Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) insider James Pollock purchased 714 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $35.25 per share, with a total value of $25,168.50. Following the acquisition, the insider owned 3,845 shares in the company, valued at $135,536.25. This trade represents a 22.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Chain Bridge Bancorp Trading Down 0.8%

NYSE CBNA opened at $34.97 on Friday. The firm’s 50 day simple moving average is $34.81 and its 200 day simple moving average is $32.83. The firm has a market capitalization of $229.47 million, a price-to-earnings ratio of 11.35 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 quarterly earnings data 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 net margin of 34.11% and a return on equity of 12.88%. The business had revenue of $14.70 million during the quarter, compared to the consensus estimate of $13.66 million. On average, equities research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chain Bridge Bancorp during the 2nd quarter worth $33,000. Russell Investments Group Ltd. acquired a new position in Chain Bridge Bancorp in the 2nd quarter worth about $37,000. Elevation Point Wealth Partners LLC bought a new position in Chain Bridge Bancorp in the second quarter valued at about $53,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after purchasing an additional 815 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CBNA. Raymond James Financial downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated 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 research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chain Bridge Bancorp currently has a consensus rating of “Reduce” and an average 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.