Endeavour Capital Advisors Inc. Acquires Shares of 179,638 Chain Bridge Bancorp, Inc. (NYSE:CBNA)

Endeavour Capital Advisors Inc. bought a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 179,638 shares of the company’s stock, valued at approximately $4,504,000. Chain Bridge Bancorp comprises approximately 1.4% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth about $226,000. TCW Group Inc. bought a new position in Chain Bridge Bancorp in the 4th quarter worth about $2,030,000. Royce & Associates LP bought a new position in Chain Bridge Bancorp in the 4th quarter worth about $1,692,000. Alliancebernstein L.P. acquired a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $5,408,000. Finally, Geode Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $507,000.

Insider Transactions at Chain Bridge Bancorp

In related news, major shareholder Martin S. Friedman purchased 1,088 shares of Chain Bridge Bancorp stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $24.49 per share, with a total value of $26,645.12. Following the acquisition, the insider now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Chain Bridge Bancorp Trading Down 0.5 %

Chain Bridge Bancorp stock opened at $23.66 on Wednesday. Chain Bridge Bancorp, Inc. has a twelve month low of $20.10 and a twelve month high of $27.56. The company has a 50 day moving average of $23.96.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James reiterated 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 price target on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th.

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.