Royce & Associates LP Purchases Shares of 67,500 Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Royce & Associates LP purchased a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,500 shares of the company's stock, valued at approximately $1,692,000. Royce & Associates LP owned about 1.03% of Chain Bridge Bancorp at the end of the most recent quarter.

Separately, Chevy Chase Trust Holdings LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $226,000.

Chain Bridge Bancorp Price Performance

Shares of Chain Bridge Bancorp stock traded up $0.10 during trading on Tuesday, hitting $23.42. 4,190 shares of the company's stock traded hands, compared to its average volume of 30,446. The stock has a 50-day simple moving average of $24.01. Chain Bridge Bancorp, Inc. has a 1 year low of $20.10 and a 1 year high of $27.56.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBNA. Raymond James restated a "strong-buy" rating and set a $34.00 price target (up previously from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th. Piper Sandler dropped their target price on Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating for the company in a report on Thursday, March 20th.

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Insider Buying and Selling

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman acquired 16,194 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average price of $24.46 per share, with a total value of $396,105.24. Following the transaction, the insider now directly owns 328,722 shares of the company's stock, valued at $8,040,540.12. The trade was a 5.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Chain Bridge Bancorp Company Profile

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.