Chain Bridge Bancorp (NYSE:CBNA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chain Bridge Bancorp (NYSE:CBNA) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, 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 research report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.50.

Chain Bridge Bancorp Stock Up 5.0%

CBNA stock opened at $49.39 on Friday. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $50.99. The company has a market cap of $324.00 million, a P/E ratio of 12.17 and a beta of 0.22. The business’s fifty day moving average is $46.79 and its 200-day moving average is $41.04.

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

Hedge Funds Weigh In On Chain Bridge Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Hingham Institution for Savings increased its stake in 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 purchasing an additional 25,525 shares in the last quarter. Gator Capital Management LLC boosted its holdings in shares of Chain Bridge Bancorp by 0.8% in the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after buying an additional 1,635 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Chain Bridge Bancorp in the first quarter valued at approximately $647,000. Militia Capital Management LLC acquired a new position in shares of Chain Bridge Bancorp in the first quarter valued at approximately $593,000. Finally, Renaissance Technologies LLC increased its position in shares of Chain Bridge Bancorp by 2.7% during the first quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock worth $530,000 after acquiring an additional 400 shares in the last quarter.

About Chain Bridge Bancorp

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.