201,500 Shares in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Bought by Gator Capital Management LLC

Gator Capital Management LLC purchased a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 201,500 shares of the company's stock, valued at approximately $5,052,000. Chain Bridge Bancorp makes up 1.9% of Gator Capital Management LLC's holdings, making the stock its 20th biggest holding. Gator Capital Management LLC owned about 3.07% of Chain Bridge Bancorp as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth $226,000. Geode Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth approximately $507,000. Royce & Associates LP acquired a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth approximately $1,692,000. TCW Group Inc. bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $2,030,000. Finally, Endeavour Capital Advisors Inc. acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $4,504,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on CBNA shares. Raymond James reissued a "strong-buy" rating and issued a $34.00 price target (up previously from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th. Piper Sandler cut their target price on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th.

Insiders Place Their Bets

In other news, major shareholder Martin S. Friedman bought 1,088 shares of the stock in a transaction on Friday, February 21st. The stock was purchased at an average price of $24.49 per share, for a total transaction of $26,645.12. Following the acquisition, the insider now owns 312,528 shares in the company, valued at approximately $7,653,810.72. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA traded up $0.52 during midday trading on Friday, hitting $21.80. The stock had a trading volume of 12,580 shares, compared to its average volume of 28,553. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $27.56. The stock has a 50-day simple moving average of $23.52.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.15. Equities research analysts forecast that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal 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.