Stocks/CBNA

CBNA

Chain Bridge Bancorp, Inc.
Financial Services·Banks - Regional
$36.25
$238M market cap
Revenue
$34.0M
Free Cash Flow
$8.0M
Rev Growth
+0.0%
FCF Margin
23.4%
P/FCF
29.9x
EV/FCF
-66.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

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. The company's loan portfolio comprises of residential and commercial real estate loans, commercial loans, and consumer loans. It also provides treasury

2-Year Price History

$36.65+72.9%
$25$30$35volOct 24Jan 25Apr 25Jul 25Oct 25Feb 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q118.08.98.97.13.62.9-0.8765.90.06.6--14.9x--
Act2025-Q416.06.76.75.36.45.1-1.31,1680.06.65.7%5.1x--

Valuation & Metrics

Market Stats

Price$36.25
Market Cap$238M
Enterprise Value$-528M
P/S Ratio7.0x
P/FCF29.9x
EV/FCF-66.3x
FCF Margin (TTM)23.4%
FCF Yield3.3%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$34.0M
Net Income$12.4M
Free Cash Flow$8.0M

Revenue Growth (YoY)+0.0%
EBITDA Margin45.9%
Net Margin36.5%
FCF Margin23.4%
CapEx % of Revenue6.0%
SBC % of Revenue0.0%
ROIC5.7%
WC Change % Rev-29.5%
Interest Coverage8.2x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.0M
Days to Cover4.8
Change (vs Prior)-24.2%
Need at least 2 settlement dates for chart

Employees

Headcount84
Revenue / Employee$404,464
Gross Profit / Employee$386,202

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
25.0%(+12.5% YoY)
57 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
5.5%(+4.1% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2024-122025-032025-062025-092025-122026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
Hingham Institution for Savings$10.8M$34.65+$525K+$10.8M-9.2%$113M
FJ Capital Management LLC$10.3M$24.22+$0−$1.6M-0.8%$888M
ROYCE & ASSOCIATES LP$9.7M$29.29+$27K+$6.9M-0.9%$10.09B
Gator Capital Management, LLC$7.3M$25.36+$123K+$236K+2.2%$469M
VANGUARD CAPITAL MANAGEMENT LLCPassive$4.3M$34.90+$4.3M+$4.3M$4.04T
BlackRock, Inc.Passive$4.2M$26.39−$49K+$4.0M-0.2%$5.69T
ENDEAVOUR CAPITAL ADVISORS INC$2.9M$25.28+$139K−$3.3M-1.9%$441M
Beartown Capital Management, LLC$2.6M$34.64+$0+$2.6M+11.6%$127M
ALLIANCEBERNSTEIN L.P.$2.3M$25.09+$14K−$4.0M-0.3%$307.70B
EJF Capital LLC$2.0M$23.78−$55K−$1.1M-5.6%$142M
GEODE CAPITAL MANAGEMENT, LLCPassive$1.9M$25.29−$117K+$935K+2.3%$1.61T
RMR Wealth Builders$1.4M$34.64+$0+$1.4M-0.8%$1.27B
Magnolia Private Wealth, LLC$1.1M$34.64+$0+$1.1M-0.6%$136M
NORTHERN TRUST CORPPassive$1.1M$24.60+$13K+$324K-0.2%$755.34B
ACADIAN ASSET MANAGEMENT LLC$1.1M$28.84+$0+$885K-0.5%$70.48B
Pillsbury Lake Capital LLC$937K$34.72+$299K+$937K+0.9%$221M
HighTower Advisors, LLC$819K$25.77−$122K+$819K-0.2%$93.93B
STATE STREET CORPPassive$658K$29.09−$2K+$658K-0.2%$2.89T
ELEVATION POINT WEALTH PARTNERS, LLC$647K$33.90+$576K+$647K-0.1%$4.17B
Chevy Chase Trust Holdings, Inc.$643K$25.43+$0+$643K-0.1%$34.71B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.98%
avg per quarter
Holders (ex-self)
-1.48%
excl. this stock
Buyers (this Q)
-1.20%
32 buyers · $0.01B in
Sellers (this Q)
-0.64%
16 sellers · $0.00B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
+0.9%
how holders react when this stock falls
On quiet Qs
-2.7%
−10% to +10% baseline
On rallies (+10%+)
-17.5%
how they react when this stock rises
Holders' portfolio flow this Q
+2.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.7%
Sellers grew AUM elsewhere — opinionated cut of this stock.

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

0331K662K993K1.3M$24$27$29$32$352024-122025-032025-062025-092025-122026-03
hover the chart for per-quarter detailprice (right axis)
Hingham Institution for Savings309KFJ Capital Management LLC294KROYCE & ASSOCIATES LP279KGator Capital Management, LLC209KALLIANCEBERNSTEIN L.P.66KENDEAVOUR CAPITAL ADVISORS INC83KNuveen Asset Management, LLCRAYMOND JAMES FINANCIAL INC9KCITADEL ADVISORS LLCBeartown Capital Management, LLC76K

Analyst Coverage

Analyst Coverage
Price Targets
Last Year (1 analysts)$37.00210.0%
Current Price$36.25
Analyst Ratings
2
Hold: 2Consensus: Hold

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$112K
6 txns · 3 insiders · 3,544 sh
Sells ($, 12mo)
$71K
1 txn · 1 insider · 2,000 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$868K
1 txn · 1 insider · 32,158 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2026-03-06BUYBasha Leigh-Alexandradirector400$35.04$14K$42K
2026-03-05BUYPollock James R.officer: Corporate Development Officer714$35.25$25K$136K
2026-03-03SELLThompson-Byas Benitadirector2,000$35.44$71K$574K
2025-11-18BUYBasha Leigh-Alexandradirector800$30.48$24K$37K
2025-11-11BUYMARTINELLI MARKdirector430$28.55$12K$71K
2025-08-29BUYBasha Leigh-Alexandradirector800$29.81$24K$17K
2025-06-29BUYBasha Leigh-Alexandradirector400$29.97$12K$12K
2025-05-28SELLFriedman Martin S.10 percent owner32,158$27.01$868K$8.27M

Order Flow (FINRA, ~3w lag)

25.5%retail+0.6pp
10.8%dark+1.6pp
week of 2026-04-13
0%20%40%60%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Chain Bridge Bancorp: Institutionalized Political Banking with Minimal Disclosure Footprint

Overall Risk
4/10
Fraud
1/10
Dilution
2/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
2/10
Audit Warnings
1/10
Hidden Upside
5/10
Contextually Acceptable
10/10