Chain Bridge Bancorp (NYSE:CBNA) Stock Rating Upgraded by Zacks Research

Chain Bridge Bancorp (NYSE:CBNA) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

CBNA has been the subject of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Chain Bridge Bancorp in a research note on Monday, December 29th. Raymond James Financial downgraded Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chain Bridge Bancorp currently has a consensus rating of “Reduce” and an average price target of $33.00.

Chain Bridge Bancorp Price Performance

NYSE CBNA opened at $33.92 on Wednesday. Chain Bridge Bancorp has a 1-year low of $20.01 and a 1-year high of $38.42. The company has a market capitalization of $222.48 million, a P/E ratio of 11.01 and a beta of 0.47. The business has a 50 day moving average price of $33.97 and a 200 day moving average price of $31.14.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Wednesday, January 28th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $14.70 million for the quarter, compared to the consensus estimate of $13.66 million. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%. On average, research analysts expect that Chain Bridge Bancorp will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hingham Institution for Savings purchased a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $10,169,000. RMR Wealth Builders purchased a new position in Chain Bridge Bancorp in the 4th quarter valued at about $1,341,000. CWM LLC grew its stake in shares of Chain Bridge Bancorp by 3,239.9% during the fourth quarter. CWM LLC now owns 5,945 shares of the company’s stock valued at $206,000 after acquiring an additional 5,767 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Chain Bridge Bancorp during the fourth quarter worth about $346,000. Finally, JPMorgan Chase & Co. boosted its holdings in Chain Bridge Bancorp by 214.8% in the third quarter. JPMorgan Chase & Co. now owns 3,494 shares of the company’s stock valued at $114,000 after purchasing an additional 2,384 shares during the last quarter.

About Chain Bridge Bancorp

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.