Chain Bridge Bancorp, Inc. (NYSE:CBNA) Receives $42.17 Average Price Target from Analysts

Chain Bridge Bancorp, Inc. (NYSE:CBNA) has received an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.1667.

A number of research analysts have recently commented on the company. Piper Sandler increased their target price on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Zacks Research cut 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 “hold (c-)” rating in a report on Wednesday. Hovde Group increased their price objective on Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Militia Capital Management LLC purchased a new stake in Chain Bridge Bancorp during the first quarter worth $593,000. Bank of America Corp DE boosted its stake in Chain Bridge Bancorp by 3.1% during the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock worth $337,000 after purchasing an additional 293 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Chain Bridge Bancorp during the 1st quarter valued at about $323,000. Renaissance Technologies LLC grew its stake in shares of Chain Bridge Bancorp by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock valued at $530,000 after buying an additional 400 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Chain Bridge Bancorp in the 1st quarter valued at approximately $647,000.

Chain Bridge Bancorp Trading Down 0.6%

NYSE CBNA opened at $46.57 on Wednesday. Chain Bridge Bancorp has a 12 month low of $26.74 and a 12 month high of $49.13. The stock’s 50 day moving average is $42.17 and its 200 day moving average is $38.12. The stock has a market cap of $305.51 million, a PE ratio of 11.47 and a beta of 0.21.

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

About Chain Bridge Bancorp

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.