Chain Bridge Bancorp, Inc. (NYSE:CBNA) Major Shareholder Buys $26,645.12 in Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) major shareholder Martin S. Friedman bought 1,088 shares of the stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $24.49 per share, for a total transaction of $26,645.12. Following the purchase, the insider now owns 312,528 shares in the company, valued at $7,653,810.72. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA traded up $0.32 during trading hours on Thursday, reaching $23.60. 217 shares of the company's stock were exchanged, compared to its average volume of 23,733. Chain Bridge Bancorp, Inc. has a 12 month low of $20.10 and a 12 month high of $27.56. The stock has a 50-day moving average price of $24.42.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings data 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. On average, sell-side analysts expect that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Hovde Group started coverage on shares of 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 set a $34.00 price target (up from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th. Finally, Piper Sandler boosted their price objective on Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Covestor Ltd purchased a new stake in Chain Bridge Bancorp during the fourth quarter valued at about $151,000. Bank of America Corp DE acquired a new stake in Chain Bridge Bancorp during the 4th quarter valued at $210,000. Chevy Chase Trust Holdings LLC purchased a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at $226,000. Geode Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp in the fourth quarter worth $507,000. Finally, Royce & Associates LP purchased a new position in shares of Chain Bridge Bancorp during the fourth quarter valued at $1,692,000.

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.