Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock Has Consensus Target Price of $42.17

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $47.50.

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday. Raymond James Financial raised shares of Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Tuesday. Piper Sandler upped their price objective 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. Finally, Weiss Ratings raised shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On Chain Bridge Bancorp

Large investors have recently bought and sold shares of the business. Hingham Institution for Savings grew its position in shares of Chain Bridge Bancorp by 8.3% in the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock valued at $14,050,000 after purchasing an additional 25,525 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $647,000. Militia Capital Management LLC acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $593,000. Quantinno Capital Management LP acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $323,000. Finally, Gator Capital Management LLC lifted its stake in Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after buying an additional 1,635 shares in the last quarter.

Chain Bridge Bancorp Trading Down 0.5%

Shares of CBNA stock opened at $49.19 on Thursday. The stock has a 50 day moving average of $46.88 and a 200 day moving average of $41.13. The stock has a market cap of $322.67 million, a P/E ratio of 12.12 and a beta of 0.22. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $50.99.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly 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 the consensus estimate of $18.98 million. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%. On average, research analysts predict that Chain Bridge Bancorp will post 5.2 earnings per share for the current fiscal year.

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.