Chain Bridge Bancorp (NYSE:CBNA) Stock Rating Upgraded by Wall Street Zen

Chain Bridge Bancorp (NYSE:CBNA) was upgraded by investment analysts at Wall Street Zen to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently weighed in on CBNA. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Hovde Group raised 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 company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $38.50.

Chain Bridge Bancorp Stock Up 0.3%

Chain Bridge Bancorp stock opened at $42.05 on Friday. The firm has a market capitalization of $275.96 million, a PE ratio of 12.71 and a beta of 0.24. Chain Bridge Bancorp has a 52 week low of $25.64 and a 52 week high of $45.26. The firm’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $36.48.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.13. The firm had revenue of $17.37 million during the quarter, compared to the consensus estimate of $15.49 million. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. On average, research analysts expect that Chain Bridge Bancorp will post 4.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

Several hedge funds have recently made changes to their positions in CBNA. Hingham Institution for Savings acquired a new position in Chain Bridge Bancorp in the fourth quarter valued at $10,169,000. RMR Wealth Builders acquired a new stake in Chain Bridge Bancorp in the 4th quarter worth about $1,341,000. Magnolia Private Wealth LLC purchased a new stake in Chain Bridge Bancorp in the 4th quarter valued at about $1,131,000. Elevation Point Wealth Partners LLC purchased a new stake in Chain Bridge Bancorp in the 1st quarter valued at about $647,000. Finally, Royce & Associates LP grew its holdings in Chain Bridge Bancorp by 13.2% in the 4th quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock valued at $9,635,000 after buying an additional 32,415 shares during the period.

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.