Chain Bridge Bancorp (NYSE:CBNA) Stock Rating Upgraded by Wall Street Zen

Chain Bridge Bancorp (NYSE:CBNA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

CBNA has been the topic of several other reports. Piper Sandler raised their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Chain Bridge Bancorp has an average rating of “Hold” and a consensus target price of $42.17.

Chain Bridge Bancorp Price Performance

CBNA opened at $47.12 on Friday. The business has a 50 day simple moving average of $46.67 and a 200-day simple moving average of $40.94. The stock has a market capitalization of $309.11 million, a P/E ratio of 11.61 and a beta of 0.22. Chain Bridge Bancorp has a 12 month low of $28.10 and a 12 month high of $49.71.

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

Institutional Investors Weigh In On Chain Bridge Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Hingham Institution for Savings grew its holdings in Chain Bridge Bancorp by 8.3% in the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock worth $14,050,000 after acquiring an additional 25,525 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Chain Bridge Bancorp during the 1st quarter valued at about $647,000. Militia Capital Management LLC bought a new position in Chain Bridge Bancorp during the 1st quarter valued at approximately $593,000. Quantinno Capital Management LP bought a new stake in shares of Chain Bridge Bancorp in the 1st quarter worth approximately $323,000. Finally, Gator Capital Management LLC raised its holdings in shares of Chain Bridge Bancorp by 0.8% during the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after acquiring an additional 1,635 shares in the last quarter.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc is the bank holding company for Chain Bridge Bank, National Association, a full-service commercial bank headquartered in McLean, Virginia. The company provides banking and financial services to businesses, nonprofit organizations, associations, political organizations, and individuals.

Chain Bridge Bank offers deposit accounts, commercial and consumer lending, cash management, treasury services, online banking, and other customized financial solutions. Its services are designed to support operating, payment, borrowing, and liquidity needs for organizations and privately held businesses, as well as personal banking needs for individuals and families.

Founded in 2007, the company primarily serves clients in the Washington, DC, metropolitan area and provides specialized banking services to organizations and customers located across the United States.