Chain Bridge Bancorp, Inc. (NYSE:CBNA) Major Shareholder Martin S. Friedman Purchases 1,088 Shares of Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) major shareholder Martin S. Friedman acquired 1,088 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $24.49 per share, for a total transaction of $26,645.12. Following the purchase, the insider now owns 312,528 shares of the company’s stock, valued at $7,653,810.72. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Chain Bridge Bancorp Stock Down 1.3 %

NYSE CBNA opened at $24.22 on Tuesday. Chain Bridge Bancorp, Inc. has a 52 week low of $20.10 and a 52 week high of $27.56. The stock has a 50-day moving average price of $24.43.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings data 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, equities analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CBNA. Alliancebernstein L.P. bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $5,408,000. Gator Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $5,052,000. Endeavour Capital Advisors Inc. bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $4,504,000. Nuveen Asset Management LLC bought a new stake in Chain Bridge Bancorp during the fourth quarter worth approximately $3,702,000. Finally, FJ Capital Management LLC bought a new stake in Chain Bridge Bancorp during the fourth quarter worth approximately $2,891,000.

About Chain Bridge Bancorp

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.