Nuveen Asset Management LLC Purchases Shares of 147,651 Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Nuveen Asset Management LLC purchased a new stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 147,651 shares of the company's stock, valued at approximately $3,702,000. Nuveen Asset Management LLC owned about 2.25% of Chain Bridge Bancorp at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Citadel Advisors LLC acquired a new position in Chain Bridge Bancorp during the fourth quarter worth $2,672,000. Gator Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $5,052,000. TCW Group Inc. acquired a new position in shares of Chain Bridge Bancorp during the 4th quarter valued at about $2,030,000. Royce & Associates LP acquired a new position in shares of Chain Bridge Bancorp during the 4th quarter valued at about $1,692,000. Finally, Geode Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the 4th quarter valued at approximately $507,000.

Insider Activity at Chain Bridge Bancorp

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman sold 32,158 shares of Chain Bridge Bancorp stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $27.01, for a total value of $868,587.58. Following the transaction, the insider now directly owns 306,078 shares of the company's stock, valued at $8,267,166.78. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 25.85% of the stock is owned by corporate insiders.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA traded up $0.25 during midday trading on Tuesday, reaching $27.05. The stock had a trading volume of 12,231 shares, compared to its average volume of 26,508. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $27.97. The firm's fifty day simple moving average is $24.81 and its 200-day simple moving average is $24.54.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.85 earnings per share (EPS) for the quarter, beating 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. On average, sell-side analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut Chain Bridge Bancorp from an "overweight" rating to a "neutral" rating and set a $29.00 target price for the company. in a research report on Thursday, May 29th.

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.