Chain Bridge Bancorp (NYSE:CBNA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chain Bridge Bancorp (NYSE:CBNA) to a buy rating in a research report report published on Saturday morning.

A number of other brokerages have also issued reports on CBNA. Hovde Group raised their price target on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chain Bridge Bancorp has a consensus rating of “Reduce” and a consensus target price of $38.50.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA opened at $41.09 on Friday. Chain Bridge Bancorp has a 1-year low of $25.64 and a 1-year high of $45.26. The business’s 50 day moving average is $38.86 and its two-hundred day moving average is $36.53. The stock has a market capitalization of $269.52 million, a P/E ratio of 12.41 and a beta of 0.24.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.95 by $0.13. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. The company had revenue of $17.37 million during the quarter, compared to analyst estimates of $15.49 million. As a group, equities research analysts anticipate that Chain Bridge Bancorp will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chain Bridge Bancorp in the second quarter worth $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp during the second quarter worth $37,000. Wells Fargo & Company MN boosted its position in shares of Chain Bridge Bancorp by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after purchasing an additional 815 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Chain Bridge Bancorp during the 2nd quarter worth $101,000.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc (NYSE: CBNA) is the bank holding company for Chain Bridge Bank, a full-service community commercial bank headquartered in Oakton, Virginia. Founded in 1999, the company is focused on serving small- and middle-market businesses, professional firms and individual clients throughout the Washington, DC metropolitan area.

Through its subsidiary, Chain Bridge Bank provides a comprehensive suite of deposit products, including checking, savings and money market accounts, as well as time deposits.