Chain Bridge Bancorp (NYSE:CBNA) Downgraded by Wall Street Zen to Hold

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

A number of other research analysts have also recently commented on the stock. Piper Sandler raised their price target on shares of Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings raised Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Zacks Research cut Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chain Bridge Bancorp presently has a consensus rating of “Hold” and a consensus price target of $42.17.

Chain Bridge Bancorp Stock Performance

Shares of CBNA stock opened at $47.81 on Friday. The firm has a fifty day moving average of $46.07 and a 200-day moving average of $40.41. The stock has a market cap of $313.64 million, a price-to-earnings ratio of 11.78 and a beta of 0.20. Chain Bridge Bancorp has a 52-week low of $28.10 and a 52-week high of $49.71.

Chain Bridge Bancorp (NYSE:CBNA) last issued its earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. The business had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.98 million. Chain Bridge Bancorp had a net margin of 38.64% and a return on equity of 15.42%. On average, sell-side analysts predict that Chain Bridge Bancorp will post 5.13 earnings per share for the current year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Hingham Institution for Savings boosted its stake in 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 boosted its position in shares of 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 purchasing an additional 1,635 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Chain Bridge Bancorp during the first quarter worth about $647,000. Militia Capital Management LLC bought a new position in Chain Bridge Bancorp during the 1st quarter worth approximately $593,000. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 period.

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.