Chain Bridge Bancorp, Inc. (CBNA) – What Are Investment Firms Thinking About This Stock?

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $47.50.

A number of equities analysts have issued reports on CBNA shares. Raymond James Financial raised Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Tuesday, October 6th. Zacks Research upgraded shares of Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Wall Street Zen lowered shares of Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 12th. Piper Sandler upped their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th.

Institutional Investors Weigh In On Chain Bridge Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwartz Investment Counsel Inc. bought a new position in shares of Chain Bridge Bancorp during the third quarter worth about $215,000. Quantinno Capital Management LP acquired a new position in Chain Bridge Bancorp in the first quarter worth about $323,000. Bank of America Corp DE increased its holdings in Chain Bridge Bancorp by 3.1% in the first quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock valued at $337,000 after buying an additional 293 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Chain Bridge Bancorp by 2.7% in the first quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock valued at $530,000 after buying an additional 400 shares during the last quarter. Finally, Militia Capital Management LLC bought a new stake in Chain Bridge Bancorp in the first quarter valued at about $593,000.

Chain Bridge Bancorp Trading Up 0.1%

Shares of CBNA stock opened at $50.62 on Monday. The firm has a fifty day simple moving average of $47.85 and a 200-day simple moving average of $40.49. The company has a market capitalization of $332.07 million, a PE ratio of 10.12 and a beta of 0.16. Chain Bridge Bancorp has a twelve month low of $28.14 and a twelve month high of $54.11.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Wednesday, October 28th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Chain Bridge Bancorp had a return on equity of 18.68% and a net margin of 42.06%. The business had revenue of $22.78 million for the quarter, compared to analyst estimates of $22.05 million. Equities research analysts predict that Chain Bridge Bancorp will post 5.20 EPS for the current year.

About Chain Bridge Bancorp

Chain Bridge Bancorp, Inc is a bank holding company for Chain Bridge Bank, National Association, a community-focused financial institution headquartered in McLean, Virginia. Founded in 2007, the bank provides commercial banking and financial services to businesses, nonprofit organizations, associations, political organizations and high-net-worth individuals.

Chain Bridge Bank offers deposit accounts, commercial and personal lending, treasury management, cash management and online banking services.