Mesirow Financial Investment Management Inc. Invests $309,000 in Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Key Points

• Mesirow Financial Investment Management Inc. acquired 12,990 shares of Chain Bridge Bancorp, valued at approximately $309,000, representing about 0.20% ownership of the company.
• Multiple institutional investors, including Citadel Advisors LLC and Nuveen Asset Management LLC, have recently increased their stakes in Chain Bridge Bancorp, highlighting growing institutional interest.
• Piper Sandler raised the price target for Chain Bridge Bancorp from $28.00 to $29.00, maintaining a "neutral" rating on the stock.

Mesirow Financial Investment Management Inc. purchased a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,990 shares of the company's stock, valued at approximately $309,000. Mesirow Financial Investment Management Inc. owned 0.20% of Chain Bridge Bancorp at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Covestor Ltd purchased a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $151,000. Bank of America Corp DE purchased a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $210,000. Silvia Mccoll Wealth Management LLC purchased a new position in shares of Chain Bridge Bancorp in the first quarter valued at $222,000. Geode Capital Management LLC purchased a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $507,000. Finally, Royce & Associates LP grew its position in shares of Chain Bridge Bancorp by 20.1% in the first quarter. Royce & Associates LP now owns 81,100 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,600 shares in the last quarter.

Insider Activity

In other news, major shareholder Martin S. Friedman sold 32,158 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $27.01, for a total value of $868,587.58. Following the completion of the sale, the insider owned 306,078 shares of the company's stock, valued at approximately $8,267,166.78. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 25.85% of the company's stock.

Chain Bridge Bancorp Stock Performance

Chain Bridge Bancorp stock traded up $0.60 during midday trading on Monday, hitting $26.77. 4,701 shares of the company's stock were exchanged, compared to its average volume of 10,124. The stock has a 50-day moving average price of $26.17 and a two-hundred day moving average price of $24.92. Chain Bridge Bancorp, Inc. has a 52-week low of $20.01 and a 52-week high of $27.97. The company has a market cap of $175.64 million and a P/E ratio of 7.08.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.26. Chain Bridge Bancorp had a return on equity of 16.04% and a net margin of 35.57%. The firm had revenue of $12.62 million during the quarter, compared to analysts' expectations of $11.99 million. As a group, sell-side analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th.

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.