Analysts Set Chain Bridge Bancorp, Inc. (NYSE:CBNA) PT at $42.17

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $42.1667.

A number of brokerages have recently commented on CBNA. Piper Sandler lifted their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th.

Chain Bridge Bancorp Stock Performance

NYSE CBNA opened at $46.40 on Friday. The firm’s fifty day moving average price is $44.91 and its two-hundred day moving average price is $39.39. The stock has a market cap of $304.40 million, a PE ratio of 11.43 and a beta of 0.20. Chain Bridge Bancorp has a fifty-two week low of $28.10 and a fifty-two week high of $49.13.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $18.98 million. As a group, sell-side analysts predict that Chain Bridge Bancorp will post 5.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hingham Institution for Savings grew its position in shares of Chain Bridge Bancorp by 8.3% during the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock worth $14,050,000 after buying an additional 25,525 shares during the period. Royce & Associates LP grew its stake in Chain Bridge Bancorp by 13.2% in the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock valued at $9,635,000 after acquiring an additional 32,415 shares during the period. Gator Capital Management LLC raised its position in shares of Chain Bridge Bancorp by 0.8% during the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after purchasing an additional 1,635 shares during the period. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 4,484 shares in the last quarter. Finally, Beartown Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the 4th quarter worth $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.