Insider Buying: Chain Bridge Bancorp (NYSE:CBNA) Director Buys $11,924.00 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Leigh-Alexandra Basha bought 400 shares of Chain Bridge Bancorp stock in a transaction dated Friday, August 29th. The shares were acquired at an average price of $29.81 per share, with a total value of $11,924.00. Following the completion of the purchase, the director owned 570 shares in the company, valued at approximately $16,991.70. The trade was a 235.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chain Bridge Bancorp Trading Up 1.1%

CBNA stock opened at $30.62 on Friday. The firm has a market cap of $200.85 million and a P/E ratio of 8.10. Chain Bridge Bancorp, Inc. has a 12-month low of $20.01 and a 12-month high of $30.70. The stock’s 50 day simple moving average is $27.30 and its 200 day simple moving average is $25.51.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Monday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.26. Chain Bridge Bancorp had a return on equity of 15.37% and a net margin of 35.57%.The company had revenue of $12.62 million for the quarter, compared to analysts’ expectations of $11.99 million. On average, research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

A number of large investors have recently bought and sold shares of CBNA. JPMorgan Chase & Co. bought a new stake in shares of Chain Bridge Bancorp during the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new position in Chain Bridge Bancorp during the 2nd quarter worth approximately $53,000. Finally, New York State Common Retirement Fund acquired a new position in Chain Bridge Bancorp during the 2nd quarter worth approximately $101,000.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Chain Bridge Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $29.67.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc operates as a Delaware-chartered bank holding company for Chain Bridge Bank, National Association that provides commercial and personal banking, and trust services in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.