Chain Bridge Bancorp’s (CBNA) Strong-Buy Rating Reiterated at Raymond James

Raymond James reiterated their strong-buy rating on shares of Chain Bridge Bancorp (NYSE:CBNA) in a research note released on Thursday morning,Benzinga reports. Raymond James currently has a $34.00 target price on the stock, up from their previous target price of $29.00.

CBNA has been the topic of a number of other research reports. Piper Sandler boosted their price target on shares of Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Hovde Group started coverage on shares of Chain Bridge Bancorp in a research note on Wednesday, November 20th. They set a “market perform” rating and a $26.00 target price for the company.

Chain Bridge Bancorp Price Performance

NYSE CBNA opened at $24.64 on Thursday. Chain Bridge Bancorp has a twelve month low of $20.10 and a twelve month high of $27.56. The firm has a fifty day moving average of $24.85.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.15. On average, sell-side analysts anticipate that Chain Bridge Bancorp will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Chain Bridge Bancorp

A hedge fund recently bought a new stake in Chain Bridge Bancorp stock. Chevy Chase Trust Holdings LLC acquired a new position in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,010 shares of the company’s stock, valued at approximately $226,000. Chevy Chase Trust Holdings LLC owned 0.14% of Chain Bridge Bancorp as of its most recent SEC filing.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc operates as a Delaware-chartered bank holding company for Chain Bridge Bank, National Association that provides commercial and personal banking, and trust services in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.