Mark Martinelli Purchases 400 Shares of Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) Director Mark Martinelli bought 400 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average price of $44.00 per share, with a total value of $17,600.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at $132,000. This trade represents a 15.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Chain Bridge Bancorp Price Performance

NYSE CBNA opened at $45.51 on Friday. Chain Bridge Bancorp, Inc. has a 1 year low of $25.76 and a 1 year high of $46.90. The stock has a market capitalization of $298.51 million, a PE ratio of 11.21 and a beta of 0.24. The business’s 50-day moving average is $39.95 and its 200 day moving average is $37.07.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.75% and a net margin of 38.64%.The business had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. As a group, equities research analysts anticipate that Chain Bridge Bancorp, Inc. will post 4.95 earnings per share for the current year.

Analysts Set New Price Targets

CBNA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a report on Wednesday. Hovde Group lifted their price target on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen downgraded shares of Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chain Bridge Bancorp currently has an average rating of “Reduce” and an average target price of $38.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hingham Institution for Savings purchased a new position in shares of Chain Bridge Bancorp in the 4th quarter valued at approximately $10,169,000. RMR Wealth Builders bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $1,341,000. Magnolia Private Wealth LLC purchased a new stake in Chain Bridge Bancorp in the fourth quarter worth $1,131,000. Elevation Point Wealth Partners LLC purchased a new stake in Chain Bridge Bancorp in the first quarter worth $647,000. Finally, Royce & Associates LP raised its holdings in Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock worth $9,635,000 after purchasing an additional 32,415 shares in the last quarter.

Chain Bridge Bancorp Company Profile

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.