Raymond James Begins Coverage on Chain Bridge Bancorp (NYSE:CBNA)

Raymond James started coverage on shares of Chain Bridge Bancorp (NYSE:CBNA) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a strong-buy rating and a $29.00 price target on the stock.

Chain Bridge Bancorp Trading Up 0.5 %

Shares of Chain Bridge Bancorp stock opened at $22.30 on Tuesday. Chain Bridge Bancorp has a 52 week low of $20.10 and a 52 week high of $22.80.

Insiders Place Their Bets

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

About Chain Bridge Bancorp

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.