Royce & Associates LP Has $9.64 Million Stock Position in Chain Bridge Bancorp, Inc. $CBNA

Royce & Associates LP lifted its stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 278,136 shares of the company’s stock after acquiring an additional 32,415 shares during the quarter. Royce & Associates LP’s holdings in Chain Bridge Bancorp were worth $9,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. bought a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $37,000. New York State Common Retirement Fund bought a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $101,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 1st quarter worth approximately $131,000.

Chain Bridge Bancorp Trading Up 1.3%

CBNA opened at $36.63 on Friday. Chain Bridge Bancorp, Inc. has a 1-year low of $23.76 and a 1-year high of $38.98. The stock’s fifty day simple moving average is $36.16 and its 200 day simple moving average is $34.91. The stock has a market cap of $240.31 million, a PE ratio of 11.07 and a beta of 0.45.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%.The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $15.49 million. Equities analysts forecast that Chain Bridge Bancorp, Inc. will post 4.93 earnings per share for the current year.

Insiders Place Their Bets

In other Chain Bridge Bancorp news, insider James R. Pollock purchased 714 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $35.25 per share, for a total transaction of $25,168.50. Following the purchase, the insider owned 3,845 shares in the company, valued at approximately $135,536.25. The trade was a 22.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 25.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBNA. Zacks Research upgraded Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Piper Sandler began coverage on Chain Bridge Bancorp in a research note on Monday, March 16th. They set a “neutral” rating and a $39.00 price objective on the stock. Hovde Group upped their price objective on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.50.

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.