Chain Bridge Bancorp (NYSE:CBNA) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Chain Bridge Bancorp from “Buy” to “Hold.” Other firms have also issued Hold or Neutral ratings, giving the stock an average analyst rating of Hold and a consensus price target of $42.17.
• CBNA shares opened at $47.81, near their 52-week high of $49.71, with a market capitalization of approximately $313.6 million and a P/E ratio of 11.78.
• Chain Bridge Bancorp exceeded quarterly expectations, reporting $1.45 in EPS versus a $1.24 consensus estimate and revenue of $20.0 million versus $18.98 million expected. Analysts forecast full-year EPS of $5.13.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on CBNA. Zacks Research lowered shares of Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. Weiss Ratings upgraded Chain Bridge Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Finally, Piper Sandler boosted their price target on Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chain Bridge Bancorp has an average rating of "Hold" and a consensus target price of $42.17.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA opened at $47.81 on Friday. Chain Bridge Bancorp has a 1-year low of $28.10 and a 1-year high of $49.71. The business has a 50-day moving average of $46.07 and a 200-day moving average of $40.41. The company has a market capitalization of $313.64 million, a price-to-earnings ratio of 11.78 and a beta of 0.20.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 EPS 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 firm had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.98 million. Research analysts expect that Chain Bridge Bancorp will post 5.13 EPS for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of CBNA. Hingham Institution for Savings lifted its holdings in Chain Bridge Bancorp by 8.3% during the 2nd 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. Gator Capital Management LLC boosted its holdings in Chain Bridge Bancorp by 0.8% in the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company's stock worth $7,127,000 after purchasing an additional 1,635 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Chain Bridge Bancorp during the first quarter valued at $647,000. Militia Capital Management LLC bought a new stake in Chain Bridge Bancorp during the first quarter valued at $593,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Chain Bridge Bancorp by 2.7% during the first quarter. Renaissance Technologies LLC now owns 15,200 shares of the company's stock worth $530,000 after purchasing an additional 400 shares during the period.

About Chain Bridge Bancorp

Chain Bridge Bancorp, Inc is a bank holding company whose principal subsidiary is Chain Bridge Bank, N.A., a nationally chartered community bank headquartered in McLean, Virginia. The bank provides commercial and private banking services to businesses, nonprofit organizations, associations, professional service firms, government contractors, and individuals and families.

Chain Bridge Bank's offerings include business and personal deposit accounts, commercial and real estate lending, lines of credit, treasury management, online banking, cash-management services, and escrow and custodial services.

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