Chain Bridge Bancorp (NYSE:CBNA) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler initiated coverage on shares of Chain Bridge Bancorp (NYSE:CBNA) in a report published on Tuesday morning, Benzinga reports. The firm issued an overweight rating and a $27.00 price objective on the stock.

Separately, Raymond James started coverage on shares of Chain Bridge Bancorp in a research note on Tuesday. They issued a “strong-buy” rating and a $29.00 price target for the company.

Chain Bridge Bancorp Stock Down 0.3 %

Shares of CBNA opened at $21.08 on Tuesday. Chain Bridge Bancorp has a fifty-two week low of $20.10 and a fifty-two week high of $22.15.

Insiders Place Their Bets

In other Chain Bridge Bancorp news, Director Yonesy F. Nunez purchased 1,807 shares of the stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $22.00 per share, with a total value of $39,754.00. Following the completion of the purchase, the director now directly owns 1,807 shares of the company’s stock, valued at approximately $39,754. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO John J. Brough acquired 1,252 shares of the stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $22.00 per share, with a total value of $27,544.00. Following the completion of the purchase, the chief executive officer now owns 1,252 shares in the company, valued at approximately $27,544. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yonesy F. Nunez acquired 1,807 shares of the stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $22.00 per share, with a total value of $39,754.00. Following the completion of the purchase, the director now owns 1,807 shares of the company’s stock, valued at approximately $39,754. The disclosure for this purchase can be found here. Insiders acquired 6,943 shares of company stock valued at $152,746 over the last three months.

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.