FJ Capital Management LLC Has $8.04 Million Position in Chain Bridge Bancorp, Inc. $CBNA

Key Points

• FJ Capital Management LLC increased its holdings in Chain Bridge Bancorp, Inc. by 193.3% in Q1, owning a total of 338,236 shares worth about $8 million.
• Chain Bridge Bancorp reported earnings of $0.70 per share for the recent quarter, exceeding analysts’ expectations of $0.44, with revenue also surpassing estimates at $12.62 million.
• Piper Sandler raised their target price for Chain Bridge Bancorp from $28.00 to $29.00, maintaining a "neutral" rating, while the consensus target price is $29.67.

FJ Capital Management LLC grew its holdings in Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) by 193.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 338,236 shares of the company's stock after acquiring an additional 222,934 shares during the period. FJ Capital Management LLC owned about 5.15% of Chain Bridge Bancorp worth $8,043,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gator Capital Management LLC raised its stake in shares of Chain Bridge Bancorp by 0.5% during 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 during the period. Bank of America Corp DE bought a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth about $210,000. Silvia Mccoll Wealth Management LLC bought a new stake in shares of Chain Bridge Bancorp in the 1st quarter worth about $222,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Chain Bridge Bancorp during the 1st quarter valued at about $309,000. Finally, Royce & Associates LP grew its position in shares of Chain Bridge Bancorp by 20.1% during the 1st quarter. Royce & Associates LP now owns 81,100 shares of the company's stock valued at $1,929,000 after buying an additional 13,600 shares during the last quarter.

Chain Bridge Bancorp Trading Up 0.0%

Chain Bridge Bancorp stock traded up $0.01 during midday trading on Friday, reaching $30.65. 11,417 shares of the stock traded hands, compared to its average volume of 17,445. The firm has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $25.55. The firm has a market cap of $201.14 million and a price-to-earnings ratio of 8.11. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $31.01.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.26. Chain Bridge Bancorp had a net margin of 35.57% and a return on equity of 15.37%. The company had revenue of $12.62 million during the quarter, compared to analyst estimates of $11.99 million. Analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price objective on shares of Chain Bridge Bancorp from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.67.

About Chain Bridge Bancorp

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.