Chain Bridge Bancorp, Inc. (NYSE:CBNA) Given Average Recommendation of “Hold” by Brokerages

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.1667.

A number of research firms have recently weighed in on CBNA. Wall Street Zen raised shares of Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Piper Sandler upped their price objective on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th.

Chain Bridge Bancorp Price Performance

NYSE CBNA opened at $46.56 on Friday. The stock has a market capitalization of $305.43 million, a price-to-earnings ratio of 11.47 and a beta of 0.20. Chain Bridge Bancorp has a one year low of $28.10 and a one year high of $49.13. The business’s fifty day moving average is $45.00 and its 200-day moving average is $39.54.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.42%. The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. Research analysts expect that Chain Bridge Bancorp will post 5.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

Large investors have recently added to or reduced their stakes in the company. Hingham Institution for Savings lifted its holdings in Chain Bridge Bancorp by 8.3% during the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock valued at $14,050,000 after purchasing an additional 25,525 shares during the last quarter. Royce & Associates LP increased its stake in shares of Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock worth $9,635,000 after purchasing an additional 32,415 shares in the last quarter. Gator Capital Management LLC increased its stake in shares of Chain Bridge Bancorp by 0.8% in the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after purchasing an additional 1,635 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Chain Bridge Bancorp by 4.2% in the third quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock valued at $3,682,000 after purchasing an additional 4,484 shares during the period. Finally, Beartown Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $2,626,000.

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.