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

by · The Markets Daily

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on CBNA. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Hovde Group boosted their target price on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chain Bridge Bancorp in a research note on Wednesday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $38.50.

Get Our Latest Analysis on Chain Bridge Bancorp

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA opened at $45.51 on Friday. Chain Bridge Bancorp has a fifty-two week low of $25.76 and a fifty-two week high of $46.90. The company has a 50 day simple moving average of $39.95 and a two-hundred day simple moving average of $37.10. The company has a market capitalization of $298.51 million, a price-to-earnings ratio of 11.21 and a beta of 0.21.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 15.75%. 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 4.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

Institutional investors have recently made changes to their positions in the company. Hingham Institution for Savings bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $10,169,000. Royce & Associates LP raised 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 worth $9,635,000 after acquiring an additional 32,415 shares during the last quarter. Gator Capital Management LLC lifted its position in Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after acquiring an additional 1,635 shares in the last quarter. Vanguard Group Inc. lifted its position in Chain Bridge Bancorp by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock valued at $3,682,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Beartown Capital Management LLC purchased a new stake in Chain Bridge Bancorp during the 4th quarter valued at $2,626,000.

About Chain Bridge Bancorp

(Get Free Report)

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.

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