Martin S. Friedman Acquires 16,194 Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock

Chain Bridge Bancorp, Inc. (NYSE:CBNA) major shareholder Martin S. Friedman bought 16,194 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $24.46 per share, for a total transaction of $396,105.24. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA opened at $23.81 on Wednesday. The stock’s 50 day simple moving average is $24.43. Chain Bridge Bancorp, Inc. has a twelve month low of $20.10 and a twelve month high of $27.56.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Tuesday, February 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.44 by $0.15. On average, analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. TCW Group Inc. acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $2,030,000. Chevy Chase Trust Holdings LLC acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $226,000. Bank of America Corp DE acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $210,000. Nuveen Asset Management LLC acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $3,702,000. Finally, Citadel Advisors LLC acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $2,672,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Hovde Group began coverage on Chain Bridge Bancorp in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $26.00 target price on the stock. Piper Sandler boosted their price target on Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Raymond James reissued 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.

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.