Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock Has Average Target Price of $47.50 According to Brokerages

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $47.50.

A number of research firms recently weighed in on CBNA. 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. Wall Street Zen cut Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 12th. Piper Sandler raised their price objective on Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Zacks Research upgraded Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th.

Chain Bridge Bancorp Price Performance

NYSE CBNA opened at $50.62 on Monday. The firm has a market capitalization of $332.07 million, a price-to-earnings ratio of 10.28 and a beta of 0.22. The company’s fifty day moving average is $47.85 and its two-hundred day moving average is $40.49. Chain Bridge Bancorp has a 52-week low of $28.14 and a 52-week high of $54.11.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Chain Bridge Bancorp had a net margin of 42.06% and a return on equity of 18.68%. The business had revenue of $22.78 million during the quarter, compared to analyst estimates of $22.05 million. As a group, sell-side analysts expect that Chain Bridge Bancorp will post 5.20 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwartz Investment Counsel Inc. acquired a new position in shares of Chain Bridge Bancorp in the 3rd quarter valued at $215,000. Hingham Institution for Savings lifted its holdings in shares of Chain Bridge Bancorp by 0.6% during the 3rd quarter. Hingham Institution for Savings now owns 336,137 shares of the company’s stock worth $15,489,000 after acquiring an additional 2,000 shares during the period. Militia Capital Management LLC bought a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $593,000. Bank of America Corp DE lifted its holdings in shares of Chain Bridge Bancorp by 3.1% during the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock worth $337,000 after acquiring an additional 293 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Chain Bridge Bancorp during the 1st quarter valued at about $323,000.

Chain Bridge Bancorp Company Profile

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.