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 Tuesday, November 18th. The stock was acquired at an average price of $30.48 per share, for a total transaction of $12,192.00. Following the completion of the transaction, the director directly owned 1,200 shares of the company’s stock, valued at approximately $36,576. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chain Bridge Bancorp Price Performance

Shares of Chain Bridge Bancorp stock opened at $34.97 on Friday. Chain Bridge Bancorp, Inc. has a 1 year low of $20.01 and a 1 year high of $38.42. The company has a market capitalization of $229.47 million, a P/E ratio of 11.35 and a beta of 0.53. The business has a 50 day moving average price of $34.81 and a 200 day moving average price of $32.83.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in Chain Bridge Bancorp in the 2nd quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chain Bridge Bancorp in the second quarter worth about $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Chain Bridge Bancorp in the second quarter valued at about $37,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Chain Bridge Bancorp during the 2nd quarter valued at about $53,000. Finally, Wells Fargo & Company MN lifted 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 worth $85,000 after acquiring an additional 815 shares in the last quarter.

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.