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

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is $42.1667.

A number of equities analysts have commented on CBNA shares. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Piper Sandler increased their target price on Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Hovde Group raised their price target 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. Finally, Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th.

Chain Bridge Bancorp Stock Up 0.7%

Shares of NYSE:CBNA opened at $47.40 on Wednesday. Chain Bridge Bancorp has a 12-month low of $26.85 and a 12-month high of $49.13. The company’s 50 day moving average price is $42.58 and its two-hundred day moving average price is $38.32. The firm has a market cap of $311.01 million, a PE ratio of 11.67 and a beta of 0.21.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.98 million. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.42%. On average, research analysts expect that Chain Bridge Bancorp will post 5.13 EPS for the current year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chain Bridge Bancorp during the second quarter valued at approximately $33,000. Russell Investments Group Ltd. acquired a new position in Chain Bridge Bancorp during the second quarter valued at approximately $37,000. Wells Fargo & Company MN lifted 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 worth $85,000 after purchasing an additional 815 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Chain Bridge Bancorp during the second quarter worth $101,000.

About Chain Bridge Bancorp

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.