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

Chain Bridge Bancorp (NYSE:CBNA) was upgraded by research analysts at Wall Street Zen to a “buy” rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on CBNA. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Hovde Group increased their target price on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Finally, Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $38.50.

Chain Bridge Bancorp Stock Performance

Shares of Chain Bridge Bancorp stock opened at $42.05 on Friday. The firm’s 50-day simple moving average is $38.78 and its 200-day simple moving average is $36.47. Chain Bridge Bancorp has a twelve month low of $25.64 and a twelve month high of $45.26. The firm has a market cap of $275.88 million, a P/E ratio of 12.71 and a beta of 0.24.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $15.49 million. On average, equities analysts forecast that Chain Bridge Bancorp will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

A number of hedge funds have recently made changes to their positions in the company. Hingham Institution for Savings bought a new position in Chain Bridge Bancorp during the 4th quarter valued at about $10,169,000. Beartown Capital Management LLC acquired a new position in Chain Bridge Bancorp in the fourth quarter valued at about $2,626,000. RMR Wealth Builders bought a new stake in Chain Bridge Bancorp during the fourth quarter worth about $1,341,000. Magnolia Private Wealth LLC bought a new stake in Chain Bridge Bancorp during the fourth quarter worth about $1,131,000. Finally, Royce & Associates LP grew its stake in Chain Bridge Bancorp by 13.2% during the fourth 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.

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.