6,024 Shares in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Acquired by Covestor Ltd

Covestor Ltd purchased a new stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,024 shares of the company’s stock, valued at approximately $151,000. Covestor Ltd owned about 0.09% of Chain Bridge Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC purchased a new stake in Chain Bridge Bancorp during the 4th quarter valued at approximately $226,000. Geode Capital Management LLC purchased a new stake in Chain Bridge Bancorp in the fourth quarter worth $507,000. Royce & Associates LP bought a new stake in Chain Bridge Bancorp during the 4th quarter valued at about $1,692,000. TCW Group Inc. purchased a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $2,030,000. Finally, Endeavour Capital Advisors Inc. bought a new position in shares of Chain Bridge Bancorp during the 4th quarter worth $4,504,000.

Chain Bridge Bancorp Stock Up 11.6 %

Shares of Chain Bridge Bancorp stock opened at $23.75 on Friday. Chain Bridge Bancorp, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $27.56. The stock has a 50 day simple moving average of $23.50.

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

Analysts Set New Price Targets

CBNA has been the topic of a number of recent analyst reports. 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 report on Thursday, January 30th. Piper Sandler decreased their target price on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th.

Insiders Place Their Bets

In other news, major shareholder Martin S. Friedman purchased 16,194 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $396,105.24. Following the completion of the purchase, the insider now directly owns 328,722 shares in the company, valued at $8,040,540.12. The trade was a 5.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.