293,565 Shares in Chain Bridge Bancorp, Inc. $CBNA Acquired by Hingham Institution for Savings

Key Points

• Hingham Institution for Savings bought a new position of 293,565 shares (~$10.17M) of Chain Bridge Bancorp (NYSE:CBNA) in Q4, representing about 4.48% ownership of the company and making CBNA the bank's 4th largest holding (~8.3% of its portfolio).
• Chain Bridge Bancorp beat Q4 expectations with EPS of $0.81 versus $0.79 and revenue of $14.69M versus $13.66M; the stock has a market cap of $233.15M, a P/E of 11.54 and a 12‑month range of $22.84–$38.42.
• Analyst sentiment is mixed-to-negative (three Holds and one Sell), with a MarketBeat average rating of "Reduce" and a consensus price target of $38.00; insiders own 25.85% of the shares and an insider recently purchased 714 shares.

Hingham Institution for Savings purchased a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 293,565 shares of the company's stock, valued at approximately $10,169,000. Chain Bridge Bancorp comprises approximately 8.3% of Hingham Institution for Savings' portfolio, making the stock its 4th largest position. Hingham Institution for Savings owned about 4.48% of Chain Bridge Bancorp at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp during the 2nd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Chain Bridge Bancorp in the 2nd quarter valued at $33,000. Russell Investments Group Ltd. bought a new position in Chain Bridge Bancorp in the 2nd quarter valued at $37,000. New York State Common Retirement Fund bought a new position in Chain Bridge Bancorp in the 2nd quarter valued at $101,000. Finally, Acadian Asset Management LLC bought a new position in Chain Bridge Bancorp in the 1st quarter valued at $131,000.

Chain Bridge Bancorp Stock Up 1.2%

CBNA stock opened at $35.53 on Tuesday. The business's fifty day moving average is $35.48 and its 200-day moving average is $33.98. The company has a market cap of $233.15 million, a P/E ratio of 11.54 and a beta of 0.48. Chain Bridge Bancorp, Inc. has a twelve month low of $22.84 and a twelve month high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $14.69 million for the quarter, compared to the consensus estimate of $13.66 million. Chain Bridge Bancorp had a return on equity of 12.63% and a net margin of 34.11%. Research analysts anticipate that Chain Bridge Bancorp, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBNA has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Chain Bridge Bancorp in a research report on Friday, March 27th. Zacks Research lowered Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Piper Sandler initiated coverage on Chain Bridge Bancorp in a research report on Monday, March 16th. They issued a "neutral" rating and a $39.00 price objective on the stock. Finally, Raymond James Financial lowered Chain Bridge Bancorp from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $38.00.

Insider Buying and Selling at Chain Bridge Bancorp

In related news, insider James R. Pollock purchased 714 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $35.25 per share, with a total value of $25,168.50. Following the purchase, the insider directly owned 3,845 shares in the company, valued at $135,536.25. This trade represents a 22.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 25.85% of the stock is currently owned by company insiders.

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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