FJ Capital Management LLC Makes New $2.89 Million Investment in Chain Bridge Bancorp, Inc. (NYSE:CBNA)

FJ Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 115,302 shares of the company's stock, valued at approximately $2,891,000. FJ Capital Management LLC owned about 1.76% of Chain Bridge Bancorp as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $2,672,000. Bank of America Corp DE acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $210,000. Covestor Ltd acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $151,000. Gator Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $5,052,000. Finally, Endeavour Capital Advisors Inc. acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $4,504,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBNA. Piper Sandler decreased their price target on Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Raymond James reissued a "strong-buy" rating and issued a $34.00 price target (up from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th.

Chain Bridge Bancorp Stock Performance

Shares of Chain Bridge Bancorp stock traded up $0.83 during trading hours on Monday, reaching $26.75. The stock had a trading volume of 14,977 shares, compared to its average volume of 26,462. The firm has a 50 day simple moving average of $23.50 and a two-hundred day simple moving average of $24.08. Chain Bridge Bancorp, Inc. has a 1 year low of $20.01 and a 1 year high of $27.56.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.31. The firm had revenue of $14.54 million during the quarter, compared to analysts' expectations of $12.27 million. Equities analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Insider Transactions at Chain Bridge Bancorp

In related news, major shareholder Martin S. Friedman bought 16,194 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $396,105.24. Following the acquisition, the insider now owns 328,722 shares in the company, valued at $8,040,540.12. This represents a 5.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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.