80,976 Shares in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Acquired by TCW Group Inc.

TCW Group Inc. purchased a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 80,976 shares of the company’s stock, valued at approximately $2,030,000.

Separately, Chevy Chase Trust Holdings LLC acquired a new position in Chain Bridge Bancorp in the 4th quarter valued at $226,000.

Chain Bridge Bancorp Stock Up 0.2 %

Chain Bridge Bancorp stock opened at $24.55 on Tuesday. Chain Bridge Bancorp, Inc. has a 52 week low of $20.10 and a 52 week high of $27.56. The stock’s fifty day simple moving average is $24.43.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. As a group, research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on CBNA. Hovde Group began coverage on Chain Bridge Bancorp in a report on Wednesday, November 20th. They issued a “market perform” rating and a $26.00 price objective for the company. Raymond James reaffirmed a “strong-buy” rating and issued a $34.00 price objective (up from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th. Finally, Piper Sandler lifted their price objective on Chain Bridge Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th.

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.