Endeavour Capital Advisors Inc. Lowers Holdings in Chain Bridge Bancorp, Inc. $CBNA

Endeavour Capital Advisors Inc. cut its holdings in Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,266 shares of the company’s stock after selling 35,181 shares during the quarter. Endeavour Capital Advisors Inc.’s holdings in Chain Bridge Bancorp were worth $2,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CBNA. Acadian Asset Management LLC bought a new stake in Chain Bridge Bancorp during the first quarter valued at about $131,000. Geode Capital Management LLC increased its holdings in shares of Chain Bridge Bancorp by 115.3% in the second quarter. Geode Capital Management LLC now owns 58,843 shares of the company’s stock valued at $1,517,000 after purchasing an additional 31,510 shares during the period. JPMorgan Chase & Co. acquired a new position in Chain Bridge Bancorp in the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Chain Bridge Bancorp in the second quarter worth $37,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter valued at about $101,000.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $37.02 on Tuesday. Chain Bridge Bancorp, Inc. has a one year low of $23.76 and a one year high of $38.98. The firm’s 50 day moving average price is $36.11 and its 200-day moving average price is $34.78. The firm has a market cap of $242.82 million, a P/E ratio of 11.18 and a beta of 0.45.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The business had revenue of $17.37 million during the quarter, compared to analysts’ expectations of $15.49 million. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%. As a group, research analysts predict that Chain Bridge Bancorp, Inc. will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Chain Bridge Bancorp news, insider James R. Pollock purchased 714 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the purchase, the insider directly owned 3,845 shares in the company, valued at approximately $135,536.25. The trade was a 22.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on CBNA. Hovde Group lifted their target price on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a report on Monday, May 4th. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Piper Sandler began coverage on shares of Chain Bridge Bancorp in a research note on Monday, March 16th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Zacks Research upgraded Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.50.

About Chain Bridge Bancorp

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.