Chain Bridge Bancorp (NYSE:CBNA) Director Leigh-Alexandra Basha Buys 400 Shares

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 acquired 400 shares of the firm's stock in a transaction on Friday, August 29th. The stock was purchased at an average cost of $29.81 per share, for a total transaction of $11,924.00. Following the completion of the acquisition, the director owned 570 shares in the company, valued at approximately $16,991.70. This represents a 235.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chain Bridge Bancorp Price Performance

NYSE CBNA traded up $0.01 on Friday, reaching $30.65. The stock had a trading volume of 11,417 shares, compared to its average volume of 17,445. The firm has a fifty day moving average of $27.39 and a two-hundred day moving average of $25.56. Chain Bridge Bancorp, Inc. has a 1-year low of $20.01 and a 1-year high of $31.01. The company has a market cap of $201.08 million and a P/E ratio of 8.11.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.26. The business had revenue of $12.62 million during the quarter, compared to analysts' expectations of $11.99 million. Chain Bridge Bancorp had a return on equity of 15.37% and a net margin of 35.57%. Research analysts predict that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Chain Bridge Bancorp

A number of large investors have recently modified their holdings of CBNA. FJ Capital Management LLC boosted its holdings in shares of Chain Bridge Bancorp by 193.3% in the 1st quarter. FJ Capital Management LLC now owns 338,236 shares of the company's stock valued at $8,043,000 after purchasing an additional 222,934 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Chain Bridge Bancorp in the 4th quarter valued at $3,702,000. Citadel Advisors LLC acquired a new stake in shares of Chain Bridge Bancorp in the 4th quarter valued at $2,672,000. EJF Capital LLC acquired a new stake in shares of Chain Bridge Bancorp in the 1st quarter valued at $2,061,000. Finally, Geode Capital Management LLC increased its holdings in shares of Chain Bridge Bancorp by 115.3% during the second quarter. Geode Capital Management LLC now owns 58,843 shares of the company's stock worth $1,517,000 after buying an additional 31,510 shares in the last quarter.

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.