Chain Bridge Bancorp, Inc. (NYSE:CBNA) Stock Has Consensus Target Price of $42.17

Key Points

• Analysts maintain a consensus “Hold” rating on Chain Bridge Bancorp, with all five covering analysts issuing hold recommendations and an average 12-month price target of $42.17.
• CBNA shares opened at $45.83, down 2.9%, and remain near their 52-week high of $49.71. The stock has a $300.74 million market capitalization and trades at a price-to-earnings ratio of 11.29.
• Chain Bridge Bancorp exceeded quarterly expectations, reporting $1.45 in earnings per share versus the $1.24 consensus estimate and revenue of $20 million versus expectations of $18.98 million.

Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $42.17.

Several brokerages recently commented on CBNA. Zacks Research downgraded shares of Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 30th. Piper Sandler lifted 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 downgraded shares of Chain Bridge Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. Finally, Weiss Ratings upgraded Chain Bridge Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hingham Institution for Savings lifted its position in shares of Chain Bridge Bancorp by 8.3% in the second quarter. Hingham Institution for Savings now owns 334,137 shares of the company's stock worth $14,050,000 after purchasing an additional 25,525 shares in the last quarter. Gator Capital Management LLC lifted its position in Chain Bridge Bancorp by 0.8% in the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company's stock worth $7,127,000 after buying an additional 1,635 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Chain Bridge Bancorp during the 1st quarter valued at $647,000. Militia Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the 1st quarter valued at $593,000. Finally, Renaissance Technologies LLC grew its holdings 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 acquiring an additional 400 shares in the last quarter.

Chain Bridge Bancorp Trading Down 2.9%

NYSE CBNA opened at $45.83 on Thursday. Chain Bridge Bancorp has a 1 year low of $28.10 and a 1 year high of $49.71. The company has a market cap of $300.74 million, a PE ratio of 11.29 and a beta of 0.20. The stock's 50-day moving average price is $46.39 and its two-hundred day moving average price is $40.70.

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

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc is a bank holding company whose principal subsidiary is Chain Bridge Bank, N.A., a nationally chartered community bank headquartered in McLean, Virginia. The bank provides commercial and private banking services to businesses, nonprofit organizations, associations, professional service firms, government contractors, and individuals and families.

Chain Bridge Bank's offerings include business and personal deposit accounts, commercial and real estate lending, lines of credit, treasury management, online banking, cash-management services, and escrow and custodial services.

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