Chain Bridge Bancorp (NYSE:CBNA) Issues Earnings Results

Chain Bridge Bancorp (NYSE:CBNA) released its quarterly earnings data on Wednesday. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04, FiscalAI reports. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%. The company had revenue of $22.78 million for the quarter, compared to analyst estimates of $22.05 million.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $50.69 on Thursday. Chain Bridge Bancorp has a 52 week low of $28.14 and a 52 week high of $54.11. The stock has a market capitalization of $332.61 million, a PE ratio of 12.48 and a beta of 0.22. The stock’s fifty day moving average is $47.67 and its 200-day moving average is $40.32.

Wall Street Analysts Forecast Growth

CBNA has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Chain Bridge Bancorp from $39.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Raymond James Financial raised Chain Bridge Bancorp from a “market perform” rating to an “outperform” rating and set a $53.00 price objective for the company in a report on Tuesday, October 6th. Wall Street Zen cut Chain Bridge Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Zacks Research upgraded shares of Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chain Bridge Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Chain Bridge Bancorp Company Profile

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.