Insider Buying: Chain Bridge Bancorp (NYSE:CBNA) Director Buys 400 Shares of Stock

Key Points

• Chain Bridge Bancorp Director Leigh-Alexandra Basha purchased 400 shares at an average price of $29.81, increasing her total ownership by 235.29%.
• The company's stock is currently trading at $29.93, reflecting a 1.0% decline, with a market capitalization of $196.31 million.
• Chain Bridge Bancorp reported earnings of $0.70 per share, surpassing estimates and indicating a strong financial performance in the last quarter.

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) Director Leigh-Alexandra Basha bought 400 shares of Chain Bridge Bancorp stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average price of $29.81 per share, with a total value of $11,924.00. Following the completion of the acquisition, the director directly owned 570 shares of the company's stock, valued at $16,991.70. This represents a 235.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Chain Bridge Bancorp Stock Down 1.0%

Chain Bridge Bancorp stock traded down $0.32 during mid-day trading on Tuesday, hitting $29.93. The company's stock had a trading volume of 13,202 shares, compared to its average volume of 18,966. The stock has a market capitalization of $196.31 million and a P/E ratio of 7.92. Chain Bridge Bancorp, Inc. has a twelve month low of $20.01 and a twelve month high of $30.69. The stock's fifty day moving average price is $27.00 and its two-hundred day moving average price is $25.40.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released 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. The business had revenue of $12.62 million during the quarter, compared to analyst estimates of $11.99 million. Chain Bridge Bancorp had a return on equity of 15.37% and a net margin of 35.57%. Equities analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective on Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Chain Bridge Bancorp has an average rating of "Moderate Buy" and a consensus price target of $29.67.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. FJ Capital Management LLC raised its holdings in shares of Chain Bridge Bancorp by 193.3% during the first quarter. FJ Capital Management LLC now owns 338,236 shares of the company's stock worth $8,043,000 after acquiring an additional 222,934 shares in the last quarter. Gator Capital Management LLC increased its position in Chain Bridge Bancorp by 0.5% in the 1st quarter. Gator Capital Management LLC now owns 202,500 shares of the company's stock worth $4,815,000 after purchasing an additional 1,000 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Chain Bridge Bancorp in the 4th quarter worth about $3,702,000. Citadel Advisors LLC purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth about $2,672,000. Finally, EJF Capital LLC purchased a new stake in shares of Chain Bridge Bancorp during the 1st quarter worth about $2,061,000.

Chain Bridge Bancorp Company 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.

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