Royce & Associates LP Has $1.93 Million Stock Position in Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Royce & Associates LP grew its position in Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,100 shares of the company's stock after acquiring an additional 13,600 shares during the period. Royce & Associates LP owned about 1.24% of Chain Bridge Bancorp worth $1,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $151,000. Bank of America Corp DE bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $210,000. Silvia Mccoll Wealth Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 1st quarter worth about $222,000. Geode Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $507,000. Finally, Citadel Advisors LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $2,672,000.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday.

Chain Bridge Bancorp Price Performance

Chain Bridge Bancorp stock traded down $0.50 during midday trading on Friday, hitting $25.95. The company's stock had a trading volume of 1,323 shares, compared to its average volume of 19,208. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $27.97. The company has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $24.89. The company has a market cap of $170.20 million and a price-to-earnings ratio of 6.86.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.70 earnings per share for the quarter, topping 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 16.04%. The business had revenue of $12.62 million during the quarter, compared to analysts' expectations of $11.99 million. Sell-side analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Insider Activity at Chain Bridge Bancorp

In other news, major shareholder Martin S. Friedman sold 32,158 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $27.01, for a total value of $868,587.58. Following the completion of the transaction, the insider directly owned 306,078 shares in the company, valued at approximately $8,267,166.78. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.85% of the company's stock.

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.