Chain Bridge Bancorp, Inc. (CBNA) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Five brokerages give Chain Bridge Bancorp an average “Moderate Buy” rating, with a consensus 12-month price target of $47.50. Ratings include three holds, one buy and one strong buy.
• Recent results exceeded expectations: The bank reported quarterly EPS of $1.45 versus the $1.24 consensus estimate, while revenue reached $20.00 million compared with expectations of $18.98 million.
• Shares remain near their yearly high: CBNA opened at $51.04, compared with a 12-month range of $28.10 to $54.11, and has a market capitalization of approximately $334.8 million.

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $47.50.

CBNA has been the subject of several research reports. Raymond James Financial raised shares of Chain Bridge Bancorp from a "market perform" rating to an "outperform" rating and set a $53.00 price target for the company in a research note on Tuesday, October 6th. Zacks Research upgraded shares of Chain Bridge Bancorp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Piper Sandler boosted their price objective on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Chain Bridge Bancorp from a "buy" rating to a "hold" rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded shares of Chain Bridge Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th.

Chain Bridge Bancorp Stock Up 0.1%

Chain Bridge Bancorp stock opened at $51.04 on Monday. The company has a 50 day moving average of $47.44 and a 200-day moving average of $42.32. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $54.11. The stock has a market capitalization of $334.80 million, a PE ratio of 12.57 and a beta of 0.22.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.21. The firm had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.98 million. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%. Equities analysts anticipate that Chain Bridge Bancorp will post 5.20 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP acquired a new position in shares of Chain Bridge Bancorp during the 1st quarter worth approximately $323,000. Bank of America Corp DE boosted its holdings in shares of Chain Bridge Bancorp by 3.1% in the 1st quarter. Bank of America Corp DE now owns 9,661 shares of the company's stock valued at $337,000 after buying an additional 293 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Chain Bridge Bancorp by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 15,200 shares of the company's stock valued at $530,000 after buying an additional 400 shares during the last quarter. Militia Capital Management LLC bought a new position in shares of Chain Bridge Bancorp in the first quarter valued at $593,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Chain Bridge Bancorp in the first quarter valued at $647,000.

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.

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