Geode Capital Management LLC Purchases Shares of 20,220 Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Geode Capital Management LLC acquired a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,220 shares of the company's stock, valued at approximately $507,000. Geode Capital Management LLC owned 0.31% of Chain Bridge Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at about $226,000. TCW Group Inc. purchased a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $2,030,000. Royce & Associates LP purchased a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $1,692,000. Finally, Alliancebernstein L.P. purchased a new position in Chain Bridge Bancorp in the 4th quarter valued at about $5,408,000.

Insiders Place Their Bets

In other news, major shareholder Martin S. Friedman bought 16,194 shares of the 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 purchase, the insider now owns 328,722 shares of the company's stock, valued at $8,040,540.12. This represents a 5.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

Several research firms recently issued reports on CBNA. Piper Sandler cut their price target on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Raymond James restated a "strong-buy" rating and issued a $34.00 target price (up previously from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th.

Chain Bridge Bancorp Price Performance

Chain Bridge Bancorp stock traded down $0.26 during midday trading on Thursday, hitting $25.01. The company's stock had a trading volume of 1,070 shares, compared to its average volume of 26,625. Chain Bridge Bancorp, Inc. has a 12 month low of $20.01 and a 12 month high of $27.56. The stock's 50-day moving average price is $23.42 and its 200-day moving average price is $23.97.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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. As a group, sell-side analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

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.