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) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 67,500 shares of the company’s stock, valued at approximately $1,692,000.

Separately, Chevy Chase Trust Holdings LLC acquired a new stake in Chain Bridge Bancorp during the 4th quarter worth approximately $226,000.

Wall Street Analysts Forecast Growth

CBNA has been the topic of several recent research reports. Raymond James reaffirmed a “strong-buy” rating and set a $34.00 target price (up from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th. Piper Sandler dropped their price target on Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday.

Insider Buying and Selling at Chain Bridge Bancorp

In other news, major shareholder Martin S. Friedman bought 1,088 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $26,645.12. Following the completion of the transaction, the insider now owns 312,528 shares of the company’s stock, valued at $7,653,810.72. This trade represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $23.36 on Friday. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.10 and a fifty-two week high of $27.56. The firm has a fifty day simple moving average of $24.02.

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

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.