Chain Bridge Bancorp director Michael Conover acquires $24,708 in stock

Published 02/05/2025, 03:16 PM
Chain Bridge Bancorp director Michael Conover acquires $24,708 in stock

Michael J. Conover, a director at Chain Bridge Bancorp (NASDAQ:BDGE_old) Inc. (NASDAQ:CBNA), recently acquired additional shares of the company's Class A Common Stock. The $161 million market cap company currently trades at an attractive P/E ratio of 6, significantly below many peers in the banking sector. According to a recent SEC filing, Conover purchased a total of 1,000 shares over two consecutive days. On February 3, 2025, he bought 700 shares at $24.75 each, followed by an acquisition of 300 shares at $24.61 on February 4. These transactions amounted to a total value of $24,708. InvestingPro analysis indicates the stock currently trades below its Fair Value, while analysts have set price targets ranging from $26 to $34. Following these purchases, Conover's total holdings in the company increased to 3,250 shares. The company maintains a "GREAT" financial health score according to InvestingPro, which offers additional insights through its comprehensive financial analysis tools.

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