Militia Capital Management LLC Takes Position in Chain Bridge Bancorp, Inc. $CBNA

Militia Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 17,000 shares of the company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Chain Bridge Bancorp in the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chain Bridge Bancorp in the second quarter valued at $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp during the second quarter valued at about $37,000. Wells Fargo & Company MN raised its holdings in shares of Chain Bridge Bancorp by 49.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,449 shares of the company’s stock valued at $85,000 after purchasing an additional 815 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth about $101,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBNA. Zacks Research downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Hovde Group upped their price target on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Chain Bridge Bancorp to a “buy” rating in a research note on Saturday, July 18th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $38.50.

Chain Bridge Bancorp Trading Down 1.5%

Chain Bridge Bancorp stock opened at $40.87 on Friday. The firm has a market capitalization of $268.07 million, a price-to-earnings ratio of 12.35 and a beta of 0.24. The firm’s fifty day moving average price is $39.09 and its two-hundred day moving average price is $36.68. Chain Bridge Bancorp, Inc. has a 1-year low of $25.76 and a 1-year high of $45.26.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Tuesday, April 28th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.95 by $0.13. Chain Bridge Bancorp had a net margin of 35.09% and a return on equity of 13.07%. The company had revenue of $17.37 million during the quarter, compared to the consensus estimate of $15.49 million. On average, research analysts forecast that Chain Bridge Bancorp, Inc. will post 4.93 EPS for the current year.

Chain Bridge Bancorp Profile

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.