Chain Bridge Bancorp, Inc. (NYSE:CBNA) Receives $38.50 Consensus PT from Brokerages

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.50.

Several brokerages have recently weighed in on CBNA. Zacks Research lowered shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Hovde Group raised their target price on Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Chain Bridge Bancorp to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings raised Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st.

Chain Bridge Bancorp Stock Down 0.4%

NYSE:CBNA opened at $41.59 on Friday. Chain Bridge Bancorp has a twelve month low of $25.76 and a twelve month high of $45.26. The company has a fifty day moving average of $39.02 and a 200-day moving average of $36.63. The firm has a market capitalization of $272.88 million, a P/E ratio of 12.56 and a beta of 0.24.

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

Institutional Investors Weigh In On Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of Chain Bridge Bancorp in the 2nd quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chain Bridge Bancorp during the 2nd quarter valued at $33,000. Russell Investments Group Ltd. acquired a new position in Chain Bridge Bancorp during the second quarter worth $37,000. Wells Fargo & Company MN raised its holdings in Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after buying an additional 815 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Chain Bridge Bancorp during the second quarter worth $101,000.

About Chain Bridge Bancorp

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.