Chain Bridge Bancorp (NYSE:CBNA) Director Acquires $12,192.00 in Stock

Key Points

• Director Leigh-Alexandra Basha purchased 400 shares on Nov. 18 at $30.48 each for $12,192, increasing her ownership 50% to 1,200 shares valued at $36,576.
• Chain Bridge Bancorp recently traded at $34.97, has a 52-week range of $20.01–$38.42, a market cap of $229.4M and a P/E of 11.35.
• Analysts hold a consensus "Reduce" rating with an average price target of $33.00 after mixed research notes including downgrades and a Zacks upgrade to Hold.

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) Director Leigh-Alexandra Basha acquired 400 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $30.48 per share, for a total transaction of $12,192.00. Following the completion of the transaction, the director owned 1,200 shares in the company, valued at $36,576. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Chain Bridge Bancorp Stock Performance

Chain Bridge Bancorp stock traded down $0.28 during trading hours on Friday, reaching $34.97. 6,764 shares of the stock were exchanged, compared to its average volume of 5,151. Chain Bridge Bancorp, Inc. has a 52-week low of $20.01 and a 52-week high of $38.42. The stock has a market cap of $229.40 million, a P/E ratio of 11.35 and a beta of 0.53. The firm's 50 day moving average is $34.82 and its 200 day moving average is $32.74.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $14.70 million for the quarter, compared to analyst estimates of $13.66 million. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. Equities research analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBNA. Raymond James Financial downgraded Chain Bridge Bancorp from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a "sell (d)" rating on shares of Chain Bridge Bancorp in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Chain Bridge Bancorp from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $33.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBNA. Hingham Institution for Savings purchased a new stake in Chain Bridge Bancorp in the 4th quarter valued at approximately $10,169,000. Royce & Associates LP raised its holdings in shares of Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company's stock worth $9,635,000 after acquiring an additional 32,415 shares during the last quarter. Gator Capital Management LLC raised its holdings in shares of Chain Bridge Bancorp by 0.8% in the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company's stock worth $7,127,000 after acquiring an additional 1,635 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Chain Bridge Bancorp by 4.2% in the third quarter. Vanguard Group Inc. now owns 112,494 shares of the company's stock valued at $3,682,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Beartown Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $2,626,000.

Chain Bridge Bancorp Company Profile

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.

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