Chain Bridge Bancorp (NYSE:CBNA) Stock Gets Downgrade from Wall Street Zen

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

CBNA has been the subject of a number of other research reports. Zacks Research raised shares of Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Raymond James Financial upgraded shares of Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a report on Tuesday, October 6th. Piper Sandler raised their price target on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chain Bridge Bancorp has an average rating of “Moderate Buy” and an average price target of $47.50.

View Our Latest Stock Analysis on CBNA

Chain Bridge Bancorp Stock Performance

CBNA opened at $49.42 on Monday. The business has a 50 day moving average price of $47.12 and a 200 day moving average price of $41.52. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $54.11. The firm has a market cap of $324.17 million, a P/E ratio of 12.30 and a beta of 0.22.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.24 by $0.21. The company 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, analysts anticipate that Chain Bridge Bancorp will post 5.20 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hingham Institution for Savings increased its holdings in Chain Bridge Bancorp by 8.3% in the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock valued at $14,050,000 after buying an additional 25,525 shares during the period. Militia Capital Management LLC bought a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $593,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 293 shares during the period. Quantinno Capital Management LP bought a new position in shares of Chain Bridge Bancorp during the 1st quarter worth about $323,000. Finally, Renaissance Technologies LLC boosted 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 acquiring an additional 400 shares in the last quarter.

Chain Bridge Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Chain Bridge Bancorp (NYSE:CBNA)

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