Professional
Added to YB: 2024-11-06
Pitch date: 2024-10-30
CBNA [bullish]
Chain Bridge Bancorp, Inc.
+8.22%
current return
Author Info
Gator Capital Management manages financials sector long/short portfolios for private partnerships and mutual funds. Follow on Twitter/X.
Company Info
Chain Bridge Bancorp, Inc. operates as a banking and trust services provider. It provides a range of services including investment strategies, estate administration, trustee services, specialized custody and administrative oversight for trust assets, Treasury Management solutions, remote deposit capture, and wealth management services.
Market Cap
$161.0M
Pitch Price
$22.38
Price Target
N/A
Dividend
N/A
Sector
Banks
Category
value
Gator Capital Management Portfolio Holding: Chain Bridge Bancorp, Inc.
CBNA: Specialty bank serving GOP campaigns w/ zero-cost deposits. High ROE, liquid assets, low credit risk. IPO at $22, est. Q3 TBV $21.50. Attractive acquisition target. Risks: legacy bonds, cyclical deposits, dual-class structure, low liquidity. Asymmetric opp at TBV, valuing deposit franchise at zero.
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