Chain Bridge Bancorp (NYSE:CBNA) Stock Rating Upgraded by Zacks Research

Chain Bridge Bancorp (NYSE:CBNA) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other equities research analysts have also issued reports on the stock. Wall Street Zen raised shares of Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Raymond James Financial upgraded shares of Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 target price for the company in a report on Tuesday. Piper Sandler boosted their price target on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Chain Bridge Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $49.52 on Wednesday. The company has a market capitalization of $324.82 million, a P/E ratio of 12.20 and a beta of 0.22. Chain Bridge Bancorp has a fifty-two week low of $28.10 and a fifty-two week high of $50.99. The stock has a 50 day moving average price of $46.96 and a two-hundred day moving average price of $41.23.

Chain Bridge Bancorp (NYSE:CBNA) last issued its earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $18.98 million. As a group, equities analysts predict that Chain Bridge Bancorp will post 5.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Chain Bridge Bancorp by 3.1% during the first quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock valued at $337,000 after buying an additional 293 shares during the period. Renaissance Technologies LLC grew its position 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 worth $530,000 after buying an additional 400 shares during the period. Gator Capital Management LLC increased its stake in shares of Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after acquiring an additional 1,635 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Chain Bridge Bancorp in the 1st quarter worth about $323,000. Finally, Militia Capital Management LLC purchased a new position in Chain Bridge Bancorp during the 1st quarter valued at about $593,000.

Chain Bridge Bancorp Company Profile

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.