Leigh-Alexandra Basha Purchases 400 Shares of Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha bought 400 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $35.04 per share, for a total transaction of $14,016.00. Following the completion of the acquisition, the director directly owned 1,200 shares in the company, valued at approximately $42,048. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Chain Bridge Bancorp Stock Performance

Shares of NYSE:CBNA opened at $35.52 on Thursday. The stock has a market capitalization of $232.98 million, a price-to-earnings ratio of 11.53 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. The company has a 50 day moving average price of $34.84 and a 200 day moving average price of $32.98.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share (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 company had revenue of $14.70 million for the quarter, compared to analysts’ expectations of $13.66 million. On average, sell-side analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several hedge funds have recently bought and sold shares of CBNA. Beartown Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $2,626,000. Pillsbury Lake Capital LLC acquired a new stake in Chain Bridge Bancorp in the 4th quarter worth approximately $633,000. Barclays PLC boosted its position in Chain Bridge Bancorp by 9.1% during the fourth quarter. Barclays PLC now owns 6,303 shares of the company’s stock worth $218,000 after purchasing an additional 525 shares during the period. State Street Corp grew its holdings in Chain Bridge Bancorp by 2.2% during the fourth quarter. State Street Corp now owns 18,889 shares of the company’s stock valued at $654,000 after purchasing an additional 400 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Chain Bridge Bancorp by 49.9% in 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 during the period.

Analyst Upgrades and Downgrades

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

About Chain Bridge Bancorp

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.