Chain Bridge Bancorp (NYSE:CBNA) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Chain Bridge Bancorp (NYSE:CBNA) from a buy rating to a hold rating in a research report released on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chain Bridge Bancorp in a research report on Wednesday. Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. 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 note on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $38.50.

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA opened at $45.51 on Friday. The firm has a market cap of $298.51 million, a P/E ratio of 11.21 and a beta of 0.24. Chain Bridge Bancorp has a 1 year low of $25.76 and a 1 year high of $46.90. The firm’s 50 day moving average price is $39.95 and its 200 day moving average price is $37.07.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.75% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.98 million. As a group, equities analysts predict that Chain Bridge Bancorp will post 4.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new position in Chain Bridge Bancorp during the first quarter valued at approximately $593,000. Bank of America Corp DE raised its stake in shares of 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 valued at $337,000 after acquiring an additional 293 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter valued at $323,000. Renaissance Technologies LLC lifted its holdings in shares of Chain Bridge Bancorp by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock valued at $530,000 after acquiring an additional 400 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Chain Bridge Bancorp during the 1st quarter worth $647,000.

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.