Chain Bridge Bancorp (NYSE:CBNA) Upgraded at Zacks Research

Zacks Research upgraded shares of Chain Bridge Bancorp (NYSE:CBNA) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Piper Sandler assumed coverage on Chain Bridge Bancorp in a research note on Monday. They set a “neutral” rating and a $39.00 target price for the company. Finally, Raymond James Financial lowered Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chain Bridge Bancorp has a consensus rating of “Hold” and a consensus target price of $38.00.

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA opened at $34.89 on Monday. The stock has a market capitalization of $228.85 million, a P/E ratio of 11.33 and a beta of 0.53. The stock’s fifty day moving average is $34.88 and its 200 day moving average is $33.20. Chain Bridge Bancorp has a 52 week low of $20.01 and a 52 week high of $38.42.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $14.70 million for the quarter, compared to analyst estimates of $13.66 million. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. Equities research analysts forecast that Chain Bridge Bancorp will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other Chain Bridge Bancorp news, insider James R. Pollock bought 714 shares of Chain Bridge Bancorp stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $35.25 per share, with a total value of $25,168.50. Following the acquisition, the insider directly owned 3,845 shares of the company’s stock, valued at $135,536.25. The trade was a 22.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of hedge funds have recently modified their holdings of the business. State Street Corp increased its holdings in Chain Bridge Bancorp by 2.2% in the fourth quarter. State Street Corp now owns 18,889 shares of the company’s stock valued at $654,000 after purchasing an additional 400 shares during the period. Barclays PLC raised its position in Chain Bridge Bancorp by 9.1% during the 4th quarter. Barclays PLC now owns 6,303 shares of the company’s stock worth $218,000 after purchasing an additional 525 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Chain Bridge Bancorp by 49.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after buying an additional 815 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $29,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chain Bridge Bancorp in the 2nd quarter valued at about $33,000.

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.