Militia Capital Management LLC Invests $593,000 in Chain Bridge Bancorp, Inc. $CBNA

Militia Capital Management LLC acquired a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,000 shares of the company’s stock, valued at approximately $593,000.

Other large investors have also bought and sold shares of the company. Hingham Institution for Savings bought a new position in Chain Bridge Bancorp in the fourth quarter valued at about $10,169,000. Royce & Associates LP lifted its holdings in shares of Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock worth $9,635,000 after acquiring an additional 32,415 shares during the last quarter. Gator Capital Management LLC boosted its stake in shares of Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after purchasing an additional 1,635 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Chain Bridge Bancorp by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock valued at $3,682,000 after purchasing an additional 4,484 shares in the last quarter. Finally, Beartown Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the 4th quarter valued at approximately $2,626,000.

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Chain Bridge Bancorp Trading Up 3.9%

Shares of CBNA stock opened at $47.31 on Tuesday. The firm has a market capitalization of $310.45 million, a price-to-earnings ratio of 11.65 and a beta of 0.24. The business’s 50-day moving average price is $40.15 and its 200-day moving average price is $37.20. Chain Bridge Bancorp, Inc. has a 12 month low of $26.26 and a 12 month high of $47.95.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.21. The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.98 million. Chain Bridge Bancorp had a return on equity of 15.75% and a net margin of 38.64%. On average, sell-side analysts predict that Chain Bridge Bancorp, Inc. will post 4.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CBNA shares. Hovde Group upped their price objective on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Piper Sandler raised their target price on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen cut shares of Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a report on Wednesday, July 29th. Finally, Zacks Research cut Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chain Bridge Bancorp currently has a consensus rating of “Reduce” and a consensus target price of $42.17.

Read Our Latest Stock Analysis on CBNA

Chain Bridge Bancorp Profile

(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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