Chain Bridge Bancorp (NYSE:CBNA) Trading 3.7% Higher - Still a Buy?

Key Points

• Shares traded up 3.7% to about $36.13 on Thursday with volume +109% versus average, while analysts remain mixed — consensus rating "Hold" with a $38 average price target.
• Quarterly results beat expectations: Q4 EPS $0.81 vs. $0.79 and revenue $14.69M vs. $13.66M; the company reports a 34.1% net margin, 12.6% ROE, trades at a P/E of 11.7, and has a market cap around $237M.
• Insiders and institutions are buying: Director James R. Pollock bought 714 shares (insiders now own 25.85%), and several firms including Beartown Capital and Pillsbury Lake initiated or increased positions.

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report)'s stock price traded up 3.7% during trading on Thursday . The stock traded as high as $36.04 and last traded at $36.1260. 7,431 shares were traded during mid-day trading, an increase of 109% from the average session volume of 3,559 shares. The stock had previously closed at $34.83.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Chain Bridge Bancorp in a research report on Monday, March 16th. They issued a "neutral" rating and a $39.00 price target for the company. Weiss Ratings restated a "sell (d)" rating on shares of Chain Bridge Bancorp in a research report on Friday, March 27th. Raymond James Financial cut shares of Chain Bridge Bancorp from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, January 7th. Finally, Zacks Research upgraded shares of Chain Bridge Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $38.00.

Chain Bridge Bancorp Price Performance

The company's 50-day moving average price is $35.67 and its two-hundred day moving average price is $33.68. The company has a market capitalization of $237.06 million, a price-to-earnings ratio of 11.73 and a beta of 0.48.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $14.69 million during the quarter, compared to analysts' expectations of $13.66 million. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.63%. On average, equities research analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at Chain Bridge Bancorp

In other Chain Bridge Bancorp news, insider James R. Pollock acquired 714 shares of the company's stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $35.25 per share, with a total value of $25,168.50. Following the completion of the purchase, the insider owned 3,845 shares of the company's stock, valued at approximately $135,536.25. This represents a 22.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.85% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Beartown Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $2,626,000. Pillsbury Lake Capital LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $633,000. Barclays PLC lifted its stake in shares of Chain Bridge Bancorp by 9.1% in the fourth quarter. Barclays PLC now owns 6,303 shares of the company's stock valued at $218,000 after buying an additional 525 shares in the last quarter. State Street Corp lifted its stake in shares of Chain Bridge Bancorp by 2.2% in the fourth quarter. State Street Corp now owns 18,889 shares of the company's stock valued at $654,000 after buying an additional 400 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Chain Bridge Bancorp by 49.9% in the fourth 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 in the last quarter.

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.

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