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

Endeavour Capital Advisors Inc. decreased its holdings in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) by 30.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,266 shares of the company’s stock after selling 35,181 shares during the period. Endeavour Capital Advisors Inc. owned 1.21% of Chain Bridge Bancorp worth $2,746,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hingham Institution for Savings bought a new position in Chain Bridge Bancorp in the fourth quarter worth about $10,169,000. Royce & Associates LP raised its position in shares of Chain Bridge Bancorp by 80.4% in the 3rd 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 during the last quarter. Cannell Capital LLC lifted its stake in shares of Chain Bridge Bancorp by 239.5% in the third quarter. Cannell Capital LLC now owns 61,609 shares of the company’s stock worth $2,016,000 after buying an additional 43,464 shares in the last quarter. RMR Wealth Builders bought a new position in Chain Bridge Bancorp in the 4th quarter valued at approximately $1,341,000. Finally, Magnolia Private Wealth LLC purchased a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at $1,131,000.

Chain Bridge Bancorp Price Performance

Shares of CBNA stock opened at $37.02 on Tuesday. The company has a market cap of $242.82 million, a PE ratio of 11.18 and a beta of 0.45. The stock’s 50 day simple moving average is $36.11 and its two-hundred day simple moving average is $34.78. Chain Bridge Bancorp, Inc. has a 1 year low of $23.76 and a 1 year high of $38.98.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.95 by $0.13. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. The company had revenue of $17.37 million during the quarter, compared to analyst estimates of $15.49 million. Equities research analysts expect that Chain Bridge Bancorp, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Chain Bridge Bancorp news, insider James R. Pollock acquired 714 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average price of $35.25 per share, for a total transaction of $25,168.50. Following the acquisition, the insider directly owned 3,845 shares in the company, valued at $135,536.25. The trade was a 22.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 25.43% of the company’s stock.

Chain Bridge Bancorp Profile

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.