Chain Bridge Bancorp, Inc. (NYSE:CBNA) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Chain Bridge Bancorp has a consensus analyst rating of “Reduce”, with five analysts covering the stock: one sell and four hold ratings. The average 12-month price target is $38.50.
• The company recently reported better-than-expected quarterly results, earning $1.08 per share versus the $0.95 estimate and generating $17.37 million in revenue, above forecasts. Analysts currently expect full-year earnings of $4.93 per share.
• CBNA shares last traded at $42.05, near the top of their 52-week range of $25.64 to $45.26. The stock also carries a relatively low beta of 0.24, indicating limited volatility compared with the broader market.

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) have been given a consensus rating of "Reduce" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.50.

CBNA has been the subject of several research reports. Zacks Research cut shares of Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. Hovde Group lifted their target price on shares of 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. Weiss Ratings upgraded shares of Chain Bridge Bancorp from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Chain Bridge Bancorp to a "buy" rating in a research note on Saturday.

Chain Bridge Bancorp Stock Performance

NYSE CBNA opened at $42.05 on Friday. Chain Bridge Bancorp has a one year low of $25.64 and a one year high of $45.26. The stock has a 50-day moving average of $38.78 and a 200 day moving average of $36.47. The company has a market capitalization of $275.88 million, a price-to-earnings ratio of 12.71 and a beta of 0.24.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%.The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $15.49 million. On average, equities analysts predict that Chain Bridge Bancorp will post 4.93 earnings per share for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Chain Bridge Bancorp by 3.1% in the first quarter. Bank of America Corp DE now owns 9,661 shares of the company's stock worth $337,000 after purchasing an additional 293 shares during the last quarter. State Street Corp grew its stake in shares of Chain Bridge Bancorp by 2.2% during the 4th quarter. State Street Corp now owns 18,889 shares of the company's stock valued at $654,000 after purchasing an additional 400 shares during the period. Renaissance Technologies LLC increased its position in shares of Chain Bridge Bancorp by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company's stock valued at $530,000 after purchasing an additional 400 shares during the last quarter. Barclays PLC increased its position 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 valued at $218,000 after purchasing an additional 525 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake 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 purchasing an additional 815 shares during the period.

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.

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