Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock Has Consensus Target Price of $47.50

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) have been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.50.

CBNA has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 12th. Raymond James Financial raised shares of Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a report on Tuesday, October 6th. Piper Sandler upped their target price on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the company 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 note on Wednesday, August 12th. Finally, Zacks Research upgraded Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th.

Institutional Trading of Chain Bridge Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CBNA. Hingham Institution for Savings grew its stake in shares of Chain Bridge Bancorp by 8.3% during the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock worth $14,050,000 after buying an additional 25,525 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Chain Bridge Bancorp in the 1st quarter valued at $647,000. Militia Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the 1st quarter valued at $593,000. Quantinno Capital Management LP bought a new position in shares of Chain Bridge Bancorp in the 1st quarter valued at $323,000. Finally, Schwartz Investment Counsel Inc. bought a new position in shares of Chain Bridge Bancorp in the 3rd quarter valued at $215,000.

Chain Bridge Bancorp Trading Down 1.3%

NYSE:CBNA opened at $50.69 on Monday. Chain Bridge Bancorp has a 1-year low of $28.14 and a 1-year high of $54.11. The firm has a fifty day simple moving average of $47.67 and a 200 day simple moving average of $40.32. The stock has a market capitalization of $332.61 million, a PE ratio of 12.48 and a beta of 0.22.

Chain Bridge Bancorp (NYSE:CBNA) last issued its earnings results on Wednesday, October 28th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.42%. The business had revenue of $22.78 million for the quarter, compared to the consensus estimate of $22.05 million. On average, equities analysts predict that Chain Bridge Bancorp will post 5.20 earnings per share for the current fiscal year.

About Chain Bridge Bancorp

Chain Bridge Bancorp, Inc is a bank holding company for Chain Bridge Bank, National Association, a community-focused financial institution headquartered in McLean, Virginia. Founded in 2007, the bank provides commercial banking and financial services to businesses, nonprofit organizations, associations, political organizations and high-net-worth individuals.

Chain Bridge Bank offers deposit accounts, commercial and personal lending, treasury management, cash management and online banking services.