Chain Bridge Bancorp, Inc. (NYSE:CBNA) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Chain Bridge Bancorp, with all five covering analysts issuing hold ratings and an average 12-month price target of $42.17.
• Recent analyst actions were mixed: Wall Street Zen upgraded the stock to “Buy,” while Piper Sandler raised its target to $50 but kept a “Neutral” rating; Weiss Ratings also upgraded its view to “Hold.”
• Chain Bridge Bancorp exceeded quarterly expectations, reporting $1.45 earnings per share versus the $1.24 consensus and revenue of $20.0 million versus estimates of $18.98 million. Shares opened at $47.53, near their 52-week high of $49.13.

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $42.1667.

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Chain Bridge Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Piper Sandler boosted their target price on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings upgraded Chain Bridge Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Finally, Zacks Research lowered Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Beartown Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at about $2,626,000. Magnolia Private Wealth LLC bought a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at approximately $1,131,000. Royce & Associates LP grew its stake in Chain Bridge Bancorp by 13.2% during the fourth quarter. Royce & Associates LP now owns 278,136 shares of the company's stock valued at $9,635,000 after acquiring an additional 32,415 shares in the last quarter. Geode Capital Management LLC grew its stake in Chain Bridge Bancorp by 115.3% during the second quarter. Geode Capital Management LLC now owns 58,843 shares of the company's stock valued at $1,517,000 after acquiring an additional 31,510 shares in the last quarter. Finally, Hingham Institution for Savings grew its stake in Chain Bridge Bancorp by 8.3% during the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company's stock valued at $14,050,000 after acquiring an additional 25,525 shares in the last quarter.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $47.53 on Friday. Chain Bridge Bancorp has a 52 week low of $28.10 and a 52 week high of $49.13. The firm's 50-day simple moving average is $44.66 and its two-hundred day simple moving average is $39.20. The firm has a market cap of $311.83 million, a price-to-earnings ratio of 11.71 and a beta of 0.20.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.21. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.42%. The firm had revenue of $20.00 million during the quarter, compared to analyst estimates of $18.98 million. Analysts forecast that Chain Bridge Bancorp will post 5.13 earnings per share for the current year.

About Chain Bridge Bancorp

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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