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 report released on Thursday morning,Benzinga reports. They currently have a $34.00 price objective on the stock, up from their previous price objective of $29.00.

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

Chain Bridge Bancorp Price Performance

Shares of CBNA stock opened at $24.78 on Thursday. Chain Bridge Bancorp has a twelve month low of $20.10 and a twelve month high of $27.56. The firm’s 50 day moving average is $24.83.

Chain Bridge Bancorp (NYSE:CBNA) last posted its earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.15. As a group, equities analysts predict that Chain Bridge Bancorp will post 4.1 earnings per share for the current 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 purchased a new position in Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,010 shares of the company’s stock, valued at approximately $226,000. Chevy Chase Trust Holdings LLC owned approximately 0.14% of Chain Bridge Bancorp at the end of the most recent quarter.

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.