86,660 Shares in Chain Bridge Bancorp, Inc. $CBNA Bought by EJF Capital LLC

Key Points

• EJF Capital LLC has invested approximately $2.06 million in Chain Bridge Bancorp, acquiring 86,660 shares, marking a 1.32% ownership stake as of their latest SEC filing.
• Piper Sandler has raised the target price for Chain Bridge Bancorp from $28.00 to $29.00 and assigned a "neutral" rating, contributing to an average rating of "Moderate Buy" among analysts.
• Chain Bridge Bancorp recently reported $0.70 EPS for the quarter, exceeding analysts' expectations by $0.26, with a revenue of $12.62 million versus the estimated $11.99 million.

EJF Capital LLC bought a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 86,660 shares of the company's stock, valued at approximately $2,061,000. EJF Capital LLC owned approximately 1.32% of Chain Bridge Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CBNA. Gator Capital Management LLC lifted its stake in shares of Chain Bridge Bancorp by 0.5% during the 1st quarter. Gator Capital Management LLC now owns 202,500 shares of the company's stock valued at $4,815,000 after buying an additional 1,000 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Chain Bridge Bancorp during the 4th quarter valued at $210,000. Silvia Mccoll Wealth Management LLC bought a new position in shares of Chain Bridge Bancorp during the 1st quarter valued at $222,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Chain Bridge Bancorp during the 1st quarter valued at $309,000. Finally, Royce & Associates LP boosted its position in 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 period.

Chain Bridge Bancorp Price Performance

Chain Bridge Bancorp stock remained flat at $31.11 during trading hours on Tuesday. 2,752 shares of the company's stock traded hands, compared to its average volume of 18,767. The company has a market cap of $204.14 million and a PE ratio of 8.23. Chain Bridge Bancorp, Inc. has a twelve month low of $20.01 and a twelve month high of $31.20. The stock has a 50-day simple moving average of $27.50 and a 200-day simple moving average of $25.61.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $12.62 million during the quarter, compared to analysts' expectations of $11.99 million. As a group, equities analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

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