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Conover Michael J.

Director

Director
2 filings analyzed · 1 company · Latest 2025-02-05

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Companies

Company Buys Sells Direction
CHAIN BRIDGE BANCORP INC CBNA 2 0 Net buying

Activity

February 2025
medium
Buy
1,000 shares
$24,708
Significance 6/10

Director Michael J. Conover purchased 1,000 shares at blended average $24.71, raising holdings 44.4% to 3,250 shares.

Director Michael J. Conover executed two separate open-market purchases totaling 1,000 shares (700 shares at $24.75 on 2025-02-03 and 300 shares at $24.61 on 2025-02-04) for $24,708.00, expanding his stake by 44.4% to 3,250 shares post-transaction. The blended average purchase price of $24.71 sits near the current price of $24.56, indicating a near-contemporaneous purchase relative to market valuations. His prior buy at this ticker on 2024-10-03 generated a 90-day return of +14.0%, demonstrating a track record of well-timed accumulation at CBNA; across his cross-ticker history, his 1 prior buy averaged a 90-day return of +14.0% with a 100% win rate, suggesting consistency in execution timing. The stock currently trades 9.6% below its 52-week high of $27.18 but up 2.0% over 30 days and 6.3% over 90 days, placing this purchase in a period of moderate recent momentum recovery.

October 2024
high
Buy
2,250 shares
$49,500
Significance 7/10

Director Conover bought 2,250 shares of CBNA at $22.00 ($49.5K); 13 other insiders also bought in past 14 days

Conover Michael J., a Director of Chain Bridge Bancorp, purchased 2,250 shares at $22.00 on 2024-10-03, establishing a new position of 2,250 shares. This transaction is part of a cluster buy pattern in which 13 other insiders also bought within the past 14 days, suggesting coordinated or coincident insider accumulation across the board. The stock is trading at $20.75 as of 2024-10-07, only 2 trading days after the transaction. Given the recent listing status and absence of meaningful historical trading metrics, the significance lies in the broad-based insider participation rather than individual trade timing or valuation interpretation.

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