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 purchased 16,194 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $24.46 per share, with a total value of $396,105.24. Following the purchase, the insider now owns 328,722 shares in the company, valued at $8,040,540.12. This trade represents a 5.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Chain Bridge Bancorp Price Performance

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

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, topping analysts’ consensus estimates of $0.44 by $0.15. On average, equities research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Chain Bridge Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth approximately $5,408,000. Gator Capital Management LLC acquired a new stake in Chain Bridge Bancorp in the fourth quarter valued at about $5,052,000. Endeavour Capital Advisors Inc. bought a new position in Chain Bridge Bancorp in the fourth quarter valued at about $4,504,000. Nuveen Asset Management LLC bought a new position in shares of Chain Bridge Bancorp during the fourth quarter worth about $3,702,000. Finally, FJ Capital Management LLC bought a new stake in Chain Bridge Bancorp in the fourth quarter worth approximately $2,891,000.

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.