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

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.1667.

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

Institutional Investors Weigh In On Chain Bridge Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp during the 2nd quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $37,000. California State Teachers Retirement System raised its stake in shares of Chain Bridge Bancorp by 1,005.1% during the second quarter. California State Teachers Retirement System now owns 1,304 shares of the company’s stock worth $55,000 after buying an additional 1,186 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after buying an additional 815 shares during the last quarter.

Chain Bridge Bancorp Stock Down 1.0%

NYSE:CBNA opened at $46.23 on Friday. The firm has a market cap of $303.33 million, a PE ratio of 11.39 and a beta of 0.20. Chain Bridge Bancorp has a 12 month low of $28.10 and a 12 month high of $49.13. The company’s 50-day moving average price is $45.05 and its two-hundred day moving average price is $39.59.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results 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 company had revenue of $20.00 million during 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 15.42%. On average, research analysts expect that Chain Bridge Bancorp will post 5.13 EPS for the current fiscal year.

About Chain Bridge Bancorp

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.