Chain Bridge Bancorp (NYSE:CBNA) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen lowered shares of Chain Bridge Bancorp (NYSE:CBNA) from a buy rating to a hold rating in a report released on Monday morning,Wall Street Zen reports.

CBNA has been the topic of a number of other 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 objective on the stock in a research note on Tuesday, October 6th. Piper Sandler lifted their price objective 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. Zacks Research raised shares of Chain Bridge Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.50.

Chain Bridge Bancorp Stock Up 1.3%

Shares of NYSE:CBNA opened at $49.90 on Monday. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $54.11. The stock’s 50 day moving average is $47.08 and its 200-day moving average is $41.42. The firm has a market capitalization of $327.34 million, a price-to-earnings ratio of 12.29 and a beta of 0.22.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Chain Bridge Bancorp by 3.1% during the first quarter. Bank of America Corp DE now owns 9,661 shares of the company’s stock worth $337,000 after buying an additional 293 shares in the last quarter. Renaissance Technologies LLC raised its position in 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. Quantinno Capital Management LP bought a new position in Chain Bridge Bancorp during the 1st quarter valued at $323,000. Militia Capital Management LLC bought a new position in Chain Bridge Bancorp during the 1st quarter valued at $593,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Chain Bridge Bancorp during the 1st quarter valued at $647,000.

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.