Chevy Chase Trust Holdings LLC Buys Shares of 18,419 Chain Bridge Bancorp, Inc. $CBNA

Chevy Chase Trust Holdings LLC purchased a new position in Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 18,419 shares of the company’s stock, valued at approximately $475,000. Chevy Chase Trust Holdings LLC owned about 0.28% of Chain Bridge Bancorp as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CBNA. Acadian Asset Management LLC acquired a new position in Chain Bridge Bancorp in the first quarter valued at about $131,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Chain Bridge Bancorp in the 1st quarter valued at about $309,000. Royce & Associates LP raised its position in shares of Chain Bridge Bancorp by 20.1% in the 1st quarter. Royce & Associates LP now owns 81,100 shares of the company’s stock valued at $1,929,000 after acquiring an additional 13,600 shares during the period. EJF Capital LLC bought a new position in Chain Bridge Bancorp during the 1st quarter worth approximately $2,061,000. Finally, Gator Capital Management LLC increased its stake in Chain Bridge Bancorp by 0.5% in the first quarter. Gator Capital Management LLC now owns 202,500 shares of the company’s stock valued at $4,815,000 after purchasing an additional 1,000 shares in the last quarter.

Chain Bridge Bancorp Trading Up 1.6%

CBNA stock opened at $31.49 on Wednesday. The stock has a 50-day moving average price of $30.67 and a two-hundred day moving average price of $27.40. Chain Bridge Bancorp, Inc. has a 1 year low of $20.01 and a 1 year high of $33.25. The stock has a market cap of $206.57 million and a PE ratio of 8.33.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $11.99 million. On average, analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Piper Sandler lifted their target price on Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Chain Bridge Bancorp in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $37.00 price target on Chain Bridge Bancorp and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.67.

Chain Bridge Bancorp 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.