Chain Bridge Bancorp (NYSE:CBNA) Coverage Initiated by Analysts at Hovde Group

Hovde Group initiated coverage on shares of Chain Bridge Bancorp (NYSE:CBNA) in a research note released on Wednesday, MarketBeat reports. The brokerage issued a market perform rating and a $26.00 price target on the stock.

Other analysts have also issued reports about the stock. Piper Sandler assumed coverage on shares of Chain Bridge Bancorp in a research note on Tuesday, October 29th. They set an “overweight” rating and a $27.00 price objective for the company. Raymond James assumed coverage on shares of Chain Bridge Bancorp in a research note on Tuesday, October 29th. They set a “strong-buy” rating and a $29.00 price objective for the company.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA opened at $24.50 on Wednesday. Chain Bridge Bancorp has a 1 year low of $20.10 and a 1 year high of $25.00.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.64 earnings per share for the quarter. The firm had revenue of $16.73 million for the quarter. On average, equities analysts forecast that Chain Bridge Bancorp will post 4 EPS for the current fiscal year.

Insider Transactions at Chain Bridge Bancorp

In related news, CEO John J. Brough purchased 1,252 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $27,544.00. Following the completion of the purchase, the chief executive officer now directly owns 1,252 shares of the company’s stock, valued at $27,544. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James R. Pollock purchased 3,131 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The stock was bought at an average price of $22.00 per share, with a total value of $68,882.00. Following the completion of the purchase, the insider now directly owns 3,131 shares of the company’s stock, valued at approximately $68,882. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 6,943 shares of company stock worth $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.