Chain Bridge Bancorp (NYSE:CBNA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chain Bridge Bancorp (NYSE:CBNA) from a hold rating to a buy rating in a report published on Sunday.

A number of other brokerages also recently issued reports on CBNA. Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a report on Wednesday, July 29th. Piper Sandler lifted 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. Finally, Hovde Group upped their target price on Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chain Bridge Bancorp has a consensus rating of “Reduce” and a consensus price target of $42.17.

Chain Bridge Bancorp Stock Down 0.1%

Shares of Chain Bridge Bancorp stock opened at $47.88 on Friday. The firm has a market cap of $314.06 million, a PE ratio of 11.79 and a beta of 0.21. Chain Bridge Bancorp has a 12-month low of $26.74 and a 12-month high of $49.07. The company’s fifty day simple moving average is $41.50 and its two-hundred day simple moving average is $37.82.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. The firm had revenue of $20.00 million for the quarter, compared to analysts’ expectations of $18.98 million. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.75%. As a group, sell-side analysts expect that Chain Bridge Bancorp will post 5.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of institutional investors have recently bought and sold shares of CBNA. JPMorgan Chase & Co. purchased a new stake in Chain Bridge Bancorp in the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. purchased a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $37,000. Wells Fargo & Company MN raised its position in shares of Chain Bridge Bancorp by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after acquiring an additional 815 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Chain Bridge Bancorp in the 2nd quarter worth approximately $101,000.

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.