Chain Bridge Bancorp, Inc. (NYSE:CBNA) Major Shareholder Martin S. Friedman Buys 16,194 Shares

Chain Bridge Bancorp, Inc. (NYSE:CBNA) major shareholder Martin S. Friedman bought 16,194 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $24.46 per share, for a total transaction of $396,105.24. Following the completion of the purchase, the insider now owns 328,722 shares of the company’s stock, valued at approximately $8,040,540.12. This trade represents a 5.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Chain Bridge Bancorp Trading Down 1.3 %

Shares of CBNA stock opened at $24.22 on Tuesday. Chain Bridge Bancorp, Inc. has a 12-month low of $20.10 and a 12-month high of $27.56. The stock has a 50-day moving average price of $24.43.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.15. As a group, analysts predict that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Institutional Trading of Chain Bridge Bancorp

Hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter valued at $5,408,000. Gator Capital Management LLC purchased a new position in Chain Bridge Bancorp in the 4th quarter worth $5,052,000. Endeavour Capital Advisors Inc. acquired a new stake in Chain Bridge Bancorp during the 4th quarter worth about $4,504,000. Nuveen Asset Management LLC acquired a new stake in Chain Bridge Bancorp during the 4th quarter worth about $3,702,000. Finally, FJ Capital Management LLC acquired a new stake in Chain Bridge Bancorp during the 4th quarter worth about $2,891,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CBNA. Raymond James restated a “strong-buy” rating and set a $34.00 target price (up from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th. Hovde Group initiated coverage on Chain Bridge Bancorp in a report on Wednesday, November 20th. They set a “market perform” rating and a $26.00 target price for the company. Finally, Piper Sandler increased their target price on Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th.

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.