Citadel Advisors LLC Purchases Shares of 106,566 Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Citadel Advisors LLC purchased a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 106,566 shares of the company's stock, valued at approximately $2,672,000. Citadel Advisors LLC owned about 1.62% of Chain Bridge Bancorp as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd purchased a new stake in Chain Bridge Bancorp during the 4th quarter worth $151,000. Bank of America Corp DE acquired a new position in shares of Chain Bridge Bancorp during the fourth quarter worth about $210,000. Chevy Chase Trust Holdings LLC acquired a new position in shares of Chain Bridge Bancorp during the fourth quarter worth about $226,000. Geode Capital Management LLC acquired a new position in shares of Chain Bridge Bancorp during the fourth quarter worth about $507,000. Finally, Royce & Associates LP acquired a new position in shares of Chain Bridge Bancorp during the fourth quarter worth about $1,692,000.

Chain Bridge Bancorp Stock Performance

Shares of CBNA opened at $27.29 on Thursday. The stock's 50-day moving average is $24.23 and its two-hundred day moving average is $24.35. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $27.89.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.54 by $0.31. The business had revenue of $14.54 million during the quarter, compared to analyst estimates of $12.27 million. As a group, equities analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CBNA shares. Raymond James restated a "strong-buy" rating and set a $34.00 price objective (up previously from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th. Piper Sandler reduced their price objective on Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th.

Insider Buying and Selling

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman purchased 16,194 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $24.46 per share, for a total transaction of $396,105.24. Following the completion of the purchase, the insider now owns 328,722 shares in the company, valued at $8,040,540.12. The trade was a 5.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.85% of the company's stock.

Chain Bridge Bancorp Company Profile

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.

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