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

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

Several other analysts also recently weighed in on CBNA. Piper Sandler lifted their target price on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. 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. Finally, Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.17.

Chain Bridge Bancorp Stock Up 0.1%

Shares of NYSE:CBNA opened at $47.81 on Friday. The company has a market cap of $313.74 million, a PE ratio of 11.78 and a beta of 0.20. The firm has a 50-day simple moving average of $46.07 and a 200 day simple moving average of $40.45. Chain Bridge Bancorp has a fifty-two week low of $28.10 and a fifty-two week high of $49.71.

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, topping the consensus estimate of $1.24 by $0.21. The business had revenue of $20.00 million for 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%. As a group, research analysts forecast that Chain Bridge Bancorp will post 5.13 EPS for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Hingham Institution for Savings boosted its holdings in Chain Bridge Bancorp by 8.3% during the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock valued at $14,050,000 after acquiring an additional 25,525 shares during the period. Militia Capital Management LLC acquired a new position in shares of Chain Bridge Bancorp in the 1st quarter valued at $593,000. Bank of America Corp DE lifted its position in shares of Chain Bridge Bancorp by 3.1% during the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock worth $337,000 after buying an additional 293 shares during the period. Quantinno Capital Management LP bought a new stake in Chain Bridge Bancorp during the first quarter worth about $323,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Chain Bridge Bancorp by 2.7% during the first quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock worth $530,000 after purchasing an additional 400 shares during the last quarter.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc is a bank holding company whose principal subsidiary is Chain Bridge Bank, N.A., a nationally chartered community bank headquartered in McLean, Virginia. The bank provides commercial and private banking services to businesses, nonprofit organizations, associations, professional service firms, government contractors, and individuals and families.

Chain Bridge Bank’s offerings include business and personal deposit accounts, commercial and real estate lending, lines of credit, treasury management, online banking, cash-management services, and escrow and custodial services.