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Martin S. Friedman, a significant investor in Chain Bridge Bancorp (NASDAQ:BDGE_old) Inc. (NASDAQ:CBNA), recently increased his stake in the company with a series of stock purchases. According to a recent SEC filing, Friedman acquired a total of 25,796 shares of Class A Common Stock over three transactions. The company, currently valued at $161 million, trades at an attractive P/E ratio of 6x and has shown strong profitability with an 18% return on equity.
The purchases took place between February 21 and February 25, 2025, at prices ranging from $24.1277 to $24.4856 per share, amounting to a total investment of approximately $628,238. Following these transactions, Friedman’s total holdings in the company increased to 338,236 shares. InvestingPro data shows the stock currently trades at $24.15, near its 52-week range of $20.10 to $27.56.
Friedman is the managing member of FJ Capital Management LLC, which acts as the managing member and investment adviser to Financial Opportunity (SO:FTCE11B) Fund LLC. Through this arrangement, Friedman holds voting and dispositive power over the shares. However, he disclaims beneficial ownership of the shares, according to the filing. InvestingPro analysis reveals 2 analysts have recently revised their earnings expectations upward, suggesting positive momentum for the company’s financial outlook.
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