Chain Bridge Bancorp, Inc. (NYSE:CBNA) Receives $42.17 Consensus PT from Analysts

by · The Markets Daily

Chain Bridge Bancorp, Inc. (NYSE:CBNA – Get Free Report) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.1667.

A number of analysts recently weighed in on CBNA shares. 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 research report on Monday, May 4th. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Piper Sandler raised their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th.

View Our Latest Analysis on CBNA

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $46.57 on Wednesday. Chain Bridge Bancorp has a 1 year low of $26.74 and a 1 year high of $49.13. The stock’s fifty day moving average price is $42.17 and its two-hundred day moving average price is $38.09. The firm 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. Sell-side analysts anticipate that Chain Bridge Bancorp will post 5.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp in the 2nd quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chain Bridge Bancorp in the second quarter worth about $33,000. Russell Investments Group Ltd. purchased a new stake in shares of Chain Bridge Bancorp in the second quarter worth about $37,000. Wells Fargo & Company MN boosted its stake in Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after buying an additional 815 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in Chain Bridge Bancorp during the second quarter valued at approximately $101,000.

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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