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

Key Points

• Chain Bridge Bancorp's stock received a **"Sell (D-)" rating** reaffirmed by Weiss Ratings, reflecting a negative outlook from analysts.
• The stock is currently trading at **$30.86**, with an average price target of **$30.67**, indicating a cautious sentiment among analysts.
• In its latest quarterly results, Chain Bridge Bancorp reported earnings of **$0.70 per share**, surpassing estimates and revealing strong revenue performance for the quarter.

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

Several other brokerages have also recently commented on CBNA. Zacks Research cut shares of Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Piper Sandler increased their price target on shares of Chain Bridge Bancorp from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial set a $37.00 price target on shares of Chain Bridge Bancorp and gave the stock a "strong-buy" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.67.

Chain Bridge Bancorp Stock Performance

Shares of NYSE CBNA traded down $0.54 during midday trading on Friday, reaching $30.86. 1,785 shares of the company's stock were exchanged, compared to its average volume of 7,782. Chain Bridge Bancorp has a 52-week low of $20.01 and a 52-week high of $33.25. The stock has a market capitalization of $202.44 million and a PE ratio of 8.16. The business's fifty day moving average price is $30.91 and its two-hundred day moving average price is $27.56.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Chain Bridge Bancorp during the 2nd quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chain Bridge Bancorp in the 2nd quarter valued at about $33,000. Russell Investments Group Ltd. bought a new stake in Chain Bridge Bancorp in the 2nd quarter valued at about $37,000. Elevation Point Wealth Partners LLC bought a new stake in Chain Bridge Bancorp in the 2nd quarter valued at about $53,000. Finally, New York State Common Retirement Fund bought a new stake in Chain Bridge Bancorp in the 2nd quarter valued at about $101,000.

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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