Mesirow Financial Investment Management Inc. Acquires Shares of 12,990 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 13F filing with the Securities & Exchange Commission. The fund purchased 12,990 shares of the company's stock, valued at approximately $309,000. Mesirow Financial Investment Management Inc. owned about 0.20% of Chain Bridge Bancorp at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Covestor Ltd acquired a new position in Chain Bridge Bancorp in the fourth quarter valued at approximately $151,000. Bank of America Corp DE purchased a new position in shares of Chain Bridge Bancorp during the 4th quarter worth $210,000. Silvia Mccoll Wealth Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the 1st quarter worth about $222,000. Geode Capital Management LLC purchased a new stake in Chain Bridge Bancorp in the 4th quarter valued at about $507,000. Finally, Royce & Associates LP lifted its position in 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 buying an additional 13,600 shares during the last quarter.

Analysts Set New Price Targets

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

Chain Bridge Bancorp Stock Up 0.6%

Chain Bridge Bancorp stock traded up $0.17 during midday trading on Wednesday, reaching $27.05. The company's stock had a trading volume of 14,651 shares, compared to its average volume of 19,063. The business has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $24.95. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $27.97. The company has a market cap of $177.42 million and a P/E ratio of 7.15.

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

Insider Activity at Chain Bridge Bancorp

In related news, major shareholder Martin S. Friedman sold 32,158 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $27.01, for a total transaction 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. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.85% of the stock is currently owned by corporate insiders.

Chain Bridge Bancorp 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.