Key Points
- Director Leigh-Alexandra Basha bought 400 shares on June 29 at an average price of $29.97 per share for a total of $11,988, a transaction disclosed in an SEC filing that leaves her owning 400 shares (an effective increase from zero).
- For context, CBNA recently traded around $34.97 (50-day MA $34.81, 200-day MA $32.79) with a 52-week range of $20.01–$38.42; the company has a $229.4M market cap, P/E of 11.35, and last quarter beat estimates with $0.81 EPS on $14.7M revenue.
Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) Director Leigh-Alexandra Basha purchased 400 shares of the business's stock in a transaction on Sunday, June 29th. The shares were acquired at an average price of $29.97 per share, for a total transaction of $11,988.00. Following the completion of the purchase, the director directly owned 400 shares of the company's stock, valued at approximately $11,988. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Chain Bridge Bancorp Stock Performance
Shares of CBNA traded down $0.28 during mid-day trading on Friday, hitting $34.97. 6,764 shares of the company's stock were exchanged, compared to its average volume of 5,211. The stock's 50-day moving average is $34.81 and its 200-day moving average is $32.79. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $38.42. The company has a market cap of $229.40 million, a price-to-earnings ratio of 11.35 and a beta of 0.53.
Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. The firm had revenue of $14.70 million during the quarter, compared to analysts' expectations of $13.66 million. As a group, equities research analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 EPS for the current year.
Institutional Investors Weigh In On Chain Bridge Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of CBNA. Hingham Institution for Savings purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter worth $10,169,000. Royce & Associates LP grew its stake in shares of Chain Bridge Bancorp by 80.4% during the third quarter. Royce & Associates LP now owns 245,721 shares of the company's stock worth $8,042,000 after purchasing an additional 109,495 shares in the last quarter. Beartown Capital Management LLC purchased a new position in Chain Bridge Bancorp in the fourth quarter valued at $2,626,000. Cannell Capital LLC increased its holdings in Chain Bridge Bancorp by 239.5% in the third quarter. Cannell Capital LLC now owns 61,609 shares of the company's stock valued at $2,016,000 after buying an additional 43,464 shares during the last quarter. Finally, RMR Wealth Builders acquired a new stake in Chain Bridge Bancorp in the fourth quarter valued at $1,341,000.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Zacks Research upgraded Chain Bridge Bancorp from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 28th. Raymond James Financial downgraded Chain Bridge Bancorp from a "strong-buy" rating to a "market perform" rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $33.00.
View Our Latest Analysis on CBNA
About Chain Bridge Bancorp
(
Get Free Report)
Chain Bridge Bancorp, Inc (NYSE: CBNA) is the bank holding company for Chain Bridge Bank, a full-service community commercial bank headquartered in Oakton, Virginia. Founded in 1999, the company is focused on serving small- and middle-market businesses, professional firms and individual clients throughout the Washington, DC metropolitan area.
Through its subsidiary, Chain Bridge Bank provides a comprehensive suite of deposit products, including checking, savings and money market accounts, as well as time deposits.
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