Chevy Chase Trust Holdings LLC Invests $475,000 in Chain Bridge Bancorp, Inc. $CBNA

Chevy Chase Trust Holdings LLC bought a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the second quarter, HoldingsChannel reports. The firm bought 18,419 shares of the company’s stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Chain Bridge Bancorp in the first quarter valued at approximately $131,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Chain Bridge Bancorp in the 1st quarter valued at approximately $309,000. Royce & Associates LP grew its stake in shares of Chain Bridge Bancorp by 20.1% in the first quarter. Royce & Associates LP now owns 81,100 shares of the company’s stock valued at $1,929,000 after buying an additional 13,600 shares in the last quarter. EJF Capital LLC bought a new position in shares of Chain Bridge Bancorp in the first quarter valued at $2,061,000. Finally, Gator Capital Management LLC increased its holdings in Chain Bridge Bancorp by 0.5% during the first quarter. Gator Capital Management LLC now owns 202,500 shares of the company’s stock worth $4,815,000 after buying an additional 1,000 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on CBNA. Zacks Research downgraded shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Raymond James Financial set a $37.00 price target on Chain Bridge Bancorp and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Piper Sandler boosted their price target on Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Chain Bridge Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.67.

Chain Bridge Bancorp Stock Up 1.6%

Shares of NYSE:CBNA opened at $31.49 on Wednesday. Chain Bridge Bancorp, Inc. has a 12-month low of $20.01 and a 12-month high of $33.25. The business has a 50 day moving average of $30.67 and a 200-day moving average of $27.40. The stock has a market cap of $206.57 million and a PE ratio of 8.33.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Monday, July 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.26. Chain Bridge Bancorp had a return on equity of 15.37% and a net margin of 35.57%.The business had revenue of $12.62 million during the quarter, compared to analysts’ expectations of $11.99 million. Equities research analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current year.

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.