80,976 Shares in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Purchased by TCW Group Inc.

TCW Group Inc. acquired a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 80,976 shares of the company’s stock, valued at approximately $2,030,000. TCW Group Inc. owned approximately 1.23% of Chain Bridge Bancorp as of its most recent filing with the Securities & Exchange Commission.

Separately, Chevy Chase Trust Holdings LLC acquired a new position in Chain Bridge Bancorp during the fourth quarter valued at approximately $226,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CBNA shares. Hovde Group started coverage on Chain Bridge Bancorp in a research report on Wednesday, November 20th. They set a “market perform” rating and a $26.00 price target for the company. Raymond James reaffirmed a “strong-buy” rating and issued a $34.00 price objective (up from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th. Finally, Piper Sandler raised their price objective on Chain Bridge Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

Chain Bridge Bancorp Stock Up 0.2 %

CBNA opened at $24.55 on Tuesday. Chain Bridge Bancorp, Inc. has a 12-month low of $20.10 and a 12-month high of $27.56. The company has a 50 day simple moving average of $24.43.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.15. As a group, equities research analysts anticipate that Chain Bridge Bancorp, Inc. will post 2.22 earnings per share for the current fiscal year.

Chain Bridge Bancorp 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.