Zacks Research upgraded shares of Chain Bridge Bancorp (NYSE:CBNA – Free Report) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.
A number of other brokerages have also recently commented on CBNA. Piper Sandler started coverage on Chain Bridge Bancorp in a research note on Monday, March 16th. They issued a “neutral” rating and a $39.00 price target on the stock. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Hovde Group lifted their price target on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chain Bridge Bancorp has a consensus rating of “Hold” and an average price target of $38.50.
View Our Latest Analysis on CBNA
Chain Bridge Bancorp Price Performance
Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.13. The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $15.49 million. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%. Sell-side analysts expect that Chain Bridge Bancorp will post 4.93 earnings per share for the current fiscal year.
Insider Buying and Selling at Chain Bridge Bancorp
In other Chain Bridge Bancorp news, insider James R. Pollock acquired 714 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $35.25 per share, for a total transaction of $25,168.50. Following the transaction, the insider owned 3,845 shares in the company, valued at $135,536.25. This represents a 22.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.43% of the company’s stock.
Institutional Investors Weigh In On Chain Bridge Bancorp
A number of large investors have recently made changes to their positions in the business. Hingham Institution for Savings bought a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth approximately $10,169,000. Royce & Associates LP grew its position in shares of Chain Bridge Bancorp by 13.2% in the 4th quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock worth $9,635,000 after buying an additional 32,415 shares during the last quarter. Gator Capital Management LLC grew its position in shares of Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after buying an additional 1,635 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Chain Bridge Bancorp by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock worth $3,682,000 after buying an additional 4,484 shares during the last quarter. Finally, Beartown Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth approximately $2,626,000.
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.
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