Royce & Associates LP Has $9.64 Million Position in Chain Bridge Bancorp, Inc. $CBNA

by · The Cerbat Gem

Royce & Associates LP raised its stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA – Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,136 shares of the company’s stock after buying an additional 32,415 shares during the quarter. Royce & Associates LP owned about 4.24% of Chain Bridge Bancorp worth $9,635,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CBNA. Acadian Asset Management LLC acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $131,000. Geode Capital Management LLC grew its position in shares of Chain Bridge Bancorp by 115.3% in the 2nd quarter. Geode Capital Management LLC now owns 58,843 shares of the company’s stock valued at $1,517,000 after purchasing an additional 31,510 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $37,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $101,000.

Insiders Place Their Bets

In other news, insider James R. Pollock purchased 714 shares of Chain Bridge Bancorp stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $35.25 per share, with a total value of $25,168.50. Following the transaction, the insider directly owned 3,845 shares in the company, valued at $135,536.25. The trade was a 22.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 25.43% of the stock is currently owned by company insiders.

Chain Bridge Bancorp Stock Up 1.3%

NYSE:CBNA opened at $36.63 on Friday. Chain Bridge Bancorp, Inc. has a twelve month low of $23.76 and a twelve month high of $38.98. The business has a 50 day moving average price of $36.16 and a two-hundred day moving average price of $34.91. The company has a market cap of $240.31 million, a P/E ratio of 11.07 and a beta of 0.45.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%.The firm had revenue of $17.37 million during the quarter, compared to the consensus estimate of $15.49 million. As a group, analysts anticipate that Chain Bridge Bancorp, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler assumed coverage on Chain Bridge Bancorp in a research report on Monday, March 16th. They issued a “neutral” rating and a $39.00 price objective for the company. Zacks Research upgraded Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Hovde Group boosted their price objective on Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chain Bridge Bancorp presently has a consensus rating of “Hold” and an average target price of $38.50.

Check Out Our Latest Analysis on Chain Bridge Bancorp

Chain Bridge Bancorp Company Profile

(Free Report)

Chain Bridge Bancorp, Inc (NYSE: CBNA) is the bank holding company for Chain Bridge Bank, a full-service community commercial bank headquartered in Oakton, Virginia. Founded in 1999, the company is focused on serving small- and middle-market businesses, professional firms and individual clients throughout the Washington, DC metropolitan area.

Through its subsidiary, Chain Bridge Bank provides a comprehensive suite of deposit products, including checking, savings and money market accounts, as well as time deposits.

Featured Articles