Chain Bridge Bancorp (NYSE:CBNA) Director Buys $17,600.00 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Mark Martinelli acquired 400 shares of the stock in a transaction on Wednesday, July 29th. The shares were acquired at an average price of $44.00 per share, with a total value of $17,600.00. Following the purchase, the director owned 3,000 shares in the company, valued at $132,000. This represents a 15.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chain Bridge Bancorp Stock Down 0.1%

Shares of CBNA opened at $45.51 on Monday. The business’s 50 day moving average is $39.95 and its two-hundred day moving average is $37.10. Chain Bridge Bancorp, Inc. has a 52-week low of $25.76 and a 52-week high of $46.90. The firm has a market cap of $298.51 million, a price-to-earnings ratio of 11.21 and a beta of 0.21.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.75% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.98 million. On average, equities analysts expect that Chain Bridge Bancorp, Inc. will post 4.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBNA has been the subject of several recent analyst reports. Hovde Group raised their price objective on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a research note on Wednesday. Wall Street Zen cut shares of Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $38.50.

Hedge Funds Weigh In On Chain Bridge Bancorp

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired 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 about $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $37,000. Wells Fargo & Company MN grew its position in shares of Chain Bridge Bancorp by 49.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after buying an additional 815 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of Chain Bridge Bancorp during the 2nd quarter valued at about $101,000.

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.