Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock Has Consensus Target Price of $42.17 According to Analysts

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have covered the stock in the last year is $42.17.

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

Chain Bridge Bancorp Trading Up 0.6%

Shares of NYSE:CBNA opened at $47.27 on Thursday. Chain Bridge Bancorp has a 12 month low of $28.10 and a 12 month high of $49.71. The company has a 50-day moving average price of $46.62 and a 200 day moving average price of $40.82. The company has a market cap of $310.22 million, a price-to-earnings ratio of 11.64 and a beta of 0.22.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $18.98 million. As a group, equities analysts forecast that Chain Bridge Bancorp will post 5.13 EPS for the current year.

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBNA. Quantinno Capital Management LP bought a new position in Chain Bridge Bancorp in the 1st quarter valued at $323,000. Bank of America Corp DE increased its stake 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 worth $337,000 after buying an additional 293 shares during the period. Renaissance Technologies LLC increased its stake in Chain Bridge Bancorp by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock worth $530,000 after buying an additional 400 shares during the period. Militia Capital Management LLC bought a new stake in Chain Bridge Bancorp during the 1st quarter valued at about $593,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Chain Bridge Bancorp in the 1st quarter valued at about $647,000.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc is a bank holding company whose principal subsidiary is Chain Bridge Bank, N.A., a nationally chartered community bank headquartered in McLean, Virginia. The bank provides commercial and private banking services to businesses, nonprofit organizations, associations, professional service firms, government contractors, and individuals and families.

Chain Bridge Bank’s offerings include business and personal deposit accounts, commercial and real estate lending, lines of credit, treasury management, online banking, cash-management services, and escrow and custodial services.