Chain Bridge Bancorp (NYSE:CBNA) Issues Earnings Results

Chain Bridge Bancorp (NYSE:CBNA) issued its quarterly earnings data on Tuesday. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21, FiscalAI reports. The firm had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA traded down $1.09 on Tuesday, hitting $43.51. The stock had a trading volume of 20,361 shares, compared to its average volume of 8,239. Chain Bridge Bancorp has a 1 year low of $25.76 and a 1 year high of $45.26. The firm’s fifty day simple moving average is $39.34 and its two-hundred day simple moving average is $36.78. The stock has a market cap of $285.45 million, a P/E ratio of 13.15 and a beta of 0.24.

Institutional Trading of Chain Bridge Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Chain Bridge Bancorp by 2.2% during the fourth quarter. State Street Corp now owns 18,889 shares of the company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Barclays PLC raised its stake in shares of Chain Bridge Bancorp by 9.1% during the 4th quarter. Barclays PLC now owns 6,303 shares of the company’s stock worth $218,000 after purchasing an additional 525 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Chain Bridge Bancorp by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock worth $85,000 after buying an additional 815 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Chain Bridge Bancorp during the second quarter valued at about $29,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chain Bridge Bancorp in the second quarter valued at $33,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CBNA shares. Wall Street Zen upgraded Chain Bridge Bancorp to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Zacks Research cut Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Hovde Group raised their price objective on Chain Bridge Bancorp from $38.00 to $39.50 and gave the company a “market perform” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $38.50.

Chain Bridge Bancorp Company Profile

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.