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

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $42.17.

Several equities research analysts have weighed in on CBNA shares. Wall Street Zen upgraded shares of Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research lowered Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, Piper Sandler increased their price target on Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd.

Chain Bridge Bancorp Trading Down 0.3%

Chain Bridge Bancorp stock opened at $47.12 on Thursday. The firm has a market capitalization of $309.11 million, a P/E ratio of 11.61 and a beta of 0.22. Chain Bridge Bancorp has a 1 year low of $28.10 and a 1 year high of $49.71. The business has a 50-day moving average of $46.67 and a 200-day moving average of $40.94.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating 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 business had revenue of $20.00 million for the quarter, compared to the consensus estimate of $18.98 million. Research analysts anticipate that Chain Bridge Bancorp will post 5.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several institutional investors and hedge funds have recently modified their holdings of CBNA. Hingham Institution for Savings raised its holdings in Chain Bridge Bancorp by 8.3% during the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock worth $14,050,000 after buying an additional 25,525 shares during the period. Gator Capital Management LLC increased its position in shares of Chain Bridge Bancorp by 0.8% during the fourth quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock worth $7,127,000 after acquiring 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 first quarter worth $647,000. Militia Capital Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the first quarter worth $593,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Chain Bridge Bancorp by 2.7% during the first quarter. Renaissance Technologies LLC now owns 15,200 shares of the company’s stock worth $530,000 after acquiring an additional 400 shares during the period.

About Chain Bridge Bancorp

Chain Bridge Bancorp, Inc is the bank holding company for Chain Bridge Bank, National Association, a full-service commercial bank headquartered in McLean, Virginia. The company provides banking and financial services to businesses, nonprofit organizations, associations, political organizations, and individuals.

Chain Bridge Bank offers deposit accounts, commercial and consumer lending, cash management, treasury services, online banking, and other customized financial solutions. Its services are designed to support operating, payment, borrowing, and liquidity needs for organizations and privately held businesses, as well as personal banking needs for individuals and families.

Founded in 2007, the company primarily serves clients in the Washington, DC, metropolitan area and provides specialized banking services to organizations and customers located across the United States.