Chain Bridge Bancorp, Inc. (NYSE:CBNA) Major Shareholder Sells $868,587.58 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) major shareholder Martin S. Friedman sold 32,158 shares of the company'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 transaction of $868,587.58. Following the completion of the sale, the insider now owns 306,078 shares of the company's stock, valued at approximately $8,267,166.78. This trade represents a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA traded up $0.25 during mid-day trading on Tuesday, reaching $27.05. The company had a trading volume of 12,131 shares, compared to its average volume of 26,508. The stock has a fifty day moving average of $24.81 and a two-hundred day moving average of $24.54. Chain Bridge Bancorp, Inc. has a 12-month low of $20.01 and a 12-month high of $27.97.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.31. The company had revenue of $14.54 million during the quarter, compared to analysts' expectations of $12.27 million. Equities research analysts predict that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler downgraded Chain Bridge Bancorp from an "overweight" rating to a "neutral" rating and set a $29.00 price target on the stock. in a report on Thursday, May 29th.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of hedge funds have recently modified their holdings of CBNA. Acadian Asset Management LLC acquired a new position in Chain Bridge Bancorp in the first quarter worth approximately $131,000. Covestor Ltd acquired a new stake in Chain Bridge Bancorp in the fourth quarter valued at approximately $151,000. Bank of America Corp DE bought a new stake in Chain Bridge Bancorp in the fourth quarter worth approximately $210,000. Silvia Mccoll Wealth Management LLC acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth $222,000. Finally, Chevy Chase Trust Holdings LLC acquired a new position in shares of Chain Bridge Bancorp during the 4th quarter worth $226,000.

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.