Chain Bridge Bancorp (NYSE:CBNA) Stock Moved Up to “Buy” by Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Chain Bridge Bancorp (NYSE:CBNA – Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on CBNA. Piper Sandler lifted their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Zacks Research lowered shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, Chain Bridge Bancorp currently has an average rating of “Hold” and an average price target of $42.17.

View Our Latest Stock Report on Chain Bridge Bancorp

Chain Bridge Bancorp Price Performance

CBNA stock opened at $47.27 on Friday. The business’s 50-day moving average is $46.62 and its two-hundred day moving average is $40.86. The firm has a market capitalization of $310.12 million, a P/E ratio of 11.64 and a beta of 0.22. Chain Bridge Bancorp has a 1 year low of $28.10 and a 1 year high of $49.71.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.98 million. On average, analysts expect that Chain Bridge Bancorp will post 5.13 EPS for the current year.

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in CBNA. Hingham Institution for Savings lifted its holdings in shares of Chain Bridge Bancorp by 8.3% in the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock valued at $14,050,000 after purchasing an additional 25,525 shares during the last quarter. Gator Capital Management LLC grew its stake in Chain Bridge Bancorp by 0.8% during the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after buying an additional 1,635 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Chain Bridge Bancorp during the first quarter worth approximately $647,000. Militia Capital Management LLC acquired a new position in Chain Bridge Bancorp during the first quarter worth approximately $593,000. Finally, Renaissance Technologies LLC lifted its stake in Chain Bridge Bancorp by 2.7% in the first 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 last quarter.

Chain Bridge Bancorp Company Profile

(Get Free Report)

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.

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