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

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

Several other analysts have also recently weighed in on the stock. Raymond James started coverage on shares of Chain Bridge Bancorp in a research note on Tuesday, October 29th. They issued a “strong-buy” rating and a $29.00 price objective on the stock. Piper Sandler initiated coverage on Chain Bridge Bancorp in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 price target on the stock.

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $24.00 on Wednesday. Chain Bridge Bancorp has a 12-month low of $20.10 and a 12-month 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 (EPS) for the quarter. The firm had revenue of $16.73 million during the quarter. Analysts anticipate that Chain Bridge Bancorp will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider James R. Pollock bought 3,131 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $22.00 per share, for a total transaction of $68,882.00. Following the transaction, the insider now directly owns 3,131 shares of the company’s stock, valued at approximately $68,882. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John J. Brough purchased 1,252 shares of Chain Bridge Bancorp stock in a transaction on Thursday, October 3rd. The stock was bought 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 directly owns 1,252 shares of the company’s stock, valued at approximately $27,544. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 6,943 shares of company stock valued at $152,746 over the last quarter.

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.