Chain Bridge Bancorp's (CBNA) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Chain Bridge Bancorp's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Despite the negative rating from Weiss, Piper Sandler has raised the target price to $29.00 with a "neutral" rating, while Zacks Research downgraded it from "strong-buy" to "hold."
• The bank reported earnings of $0.70 per share recently, exceeding estimates, which showcases its financial strength despite the ongoing rating concerns.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Piper Sandler upped their target price on Chain Bridge Bancorp from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Zacks Research lowered shares of Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, Raymond James Financial set a $37.00 target price on shares of Chain Bridge Bancorp and gave the stock a "strong-buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chain Bridge Bancorp has a consensus rating of "Hold" and a consensus price target of $30.67.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA traded up $0.16 during trading hours on Wednesday, reaching $32.27. The stock had a trading volume of 2,649 shares, compared to its average volume of 10,825. The stock has a market capitalization of $211.69 million and a PE ratio of 8.54. The company has a 50 day moving average price of $29.84 and a two-hundred day moving average price of $26.88. Chain Bridge Bancorp has a 52 week low of $20.01 and a 52 week high of $33.25.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $12.62 million for the quarter, compared to analyst estimates of $11.99 million. Chain Bridge Bancorp had a return on equity of 15.37% and a net margin of 35.57%. Equities research analysts predict that Chain Bridge Bancorp will post 2.22 EPS for the current year.

Institutional Trading of Chain Bridge Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. FJ Capital Management LLC boosted its position in Chain Bridge Bancorp by 193.3% during the first quarter. FJ Capital Management LLC now owns 338,236 shares of the company's stock valued at $8,043,000 after purchasing an additional 222,934 shares in the last quarter. EJF Capital LLC purchased a new stake in shares of Chain Bridge Bancorp in the first quarter valued at approximately $2,061,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Chain Bridge Bancorp in the first quarter valued at approximately $309,000. Royce & Associates LP boosted its stake in shares of Chain Bridge Bancorp by 20.1% in the first quarter. Royce & Associates LP now owns 81,100 shares of the company's stock worth $1,929,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Chain Bridge Bancorp during the fourth quarter worth $210,000.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc operates as a Delaware-chartered bank holding company for Chain Bridge Bank, National Association that provides commercial and personal banking, and trust services in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.

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