Citadel Advisors LLC Buys 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) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CBNA. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at $226,000. TCW Group Inc. acquired a new position in Chain Bridge Bancorp during the 4th quarter worth about $2,030,000. Royce & Associates LP purchased a new position in Chain Bridge Bancorp during the 4th quarter valued at about $1,692,000. Alliancebernstein L.P. acquired a new position in Chain Bridge Bancorp in the 4th quarter valued at about $5,408,000. Finally, Geode Capital Management LLC purchased a new stake in Chain Bridge Bancorp during the fourth quarter worth about $507,000.

Chain Bridge Bancorp Stock Performance

NYSE CBNA traded down $0.07 on Tuesday, hitting $26.64. 21,017 shares of the company's stock were exchanged, compared to its average volume of 25,910. The firm's 50-day moving average price is $24.54 and its two-hundred day moving average price is $24.46. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $27.89.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.31. The business had revenue of $14.54 million during the quarter, compared to analysts' expectations of $12.27 million. Research analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

CBNA has been the subject of several recent research reports. Raymond James reissued a "strong-buy" rating and issued 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 target price on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th.

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.