Chain Bridge Bancorp (NYSE:CBNA) Cut to Hold at Wall Street Zen

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

A number of other equities analysts have also commented on the company. Hovde Group raised their price target on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chain Bridge Bancorp in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chain Bridge Bancorp presently has an average rating of “Reduce” and a consensus price target of $42.17.

Chain Bridge Bancorp Trading Up 3.9%

Shares of CBNA stock opened at $47.31 on Friday. The firm’s 50 day moving average is $40.15 and its 200 day moving average is $37.20. The stock has a market capitalization of $310.35 million, a P/E ratio of 11.65 and a beta of 0.21. Chain Bridge Bancorp has a 12 month low of $26.26 and a 12 month high of $47.95.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.75%. The business had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. On average, equities analysts predict that Chain Bridge Bancorp will post 4.95 EPS for the current year.

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC purchased a new stake in Chain Bridge Bancorp in the 1st quarter worth approximately $593,000. Bank of America Corp DE boosted its holdings in Chain Bridge Bancorp by 3.1% in the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock valued at $337,000 after purchasing an additional 293 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Chain Bridge Bancorp during the 1st quarter valued at $323,000. Renaissance Technologies LLC grew its position in shares of Chain Bridge Bancorp by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock valued at $530,000 after purchasing an additional 400 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Chain Bridge Bancorp in the first quarter worth $647,000.

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.