Militia Capital Management LLC Invests $593,000 in Chain Bridge Bancorp, Inc. $CBNA

Militia Capital Management LLC purchased a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,000 shares of the company’s stock, valued at approximately $593,000. Militia Capital Management LLC owned about 0.26% of Chain Bridge Bancorp at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBNA. Bank of America Corp DE grew its holdings in Chain Bridge Bancorp by 3.1% in the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock valued at $337,000 after buying an additional 293 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Chain Bridge Bancorp in the first quarter valued at about $323,000. Renaissance Technologies LLC grew its stake in shares of Chain Bridge Bancorp by 2.7% in the first 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. Elevation Point Wealth Partners LLC bought a new position in Chain Bridge Bancorp during the first quarter worth about $647,000. Finally, Beartown Capital Management LLC bought a new position in Chain Bridge Bancorp during the fourth quarter worth about $2,626,000.

Chain Bridge Bancorp Stock Up 3.9%

Shares of Chain Bridge Bancorp stock opened at $47.31 on Tuesday. The company has a market capitalization of $310.45 million, a price-to-earnings ratio of 11.65 and a beta of 0.24. Chain Bridge Bancorp, Inc. has a 12-month low of $26.26 and a 12-month high of $47.95. The firm’s 50-day moving average price is $40.15 and its two-hundred day moving average price is $37.20.

Chain Bridge Bancorp (NYSE:CBNA) last released its 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 firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.98 million. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.75%. On average, sell-side analysts expect that Chain Bridge Bancorp, Inc. will post 4.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chain Bridge Bancorp in a report on Wednesday, July 29th. Piper Sandler lifted their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen cut Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Hovde Group increased their price target on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $42.17.

Chain Bridge Bancorp 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.