Chain Bridge Bancorp (NYSE:CBNA) Trading Up 1.4% – What’s Next?

Chain Bridge Bancorp, Inc. (NYSE:CBNA) was up 1.4% during mid-day trading on Wednesday . The stock traded as high as $27.40 and last traded at $27.04. 20,245 shares traded hands during trading, a decline of 44% from the average session volume of 36,018 shares. The stock had previously closed at $26.66.

Analyst Ratings Changes

A number of research firms have weighed in on CBNA. 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 target price on the stock. Piper Sandler assumed coverage on Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Hovde Group started coverage on shares of Chain Bridge Bancorp in a research report on Wednesday, November 20th. They set a “market perform” rating and a $26.00 price target on the stock.

Chain Bridge Bancorp Price Performance

The firm’s fifty day simple moving average is $23.32.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.64 EPS for the quarter. The business had revenue of $16.73 million during the quarter. As a group, analysts expect that Chain Bridge Bancorp, Inc. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider James R. Pollock bought 3,131 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $22.00 per share, with a total value of $68,882.00. Following the completion of the acquisition, the insider now owns 3,131 shares in the company, valued at approximately $68,882. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yonesy F. Nunez bought 1,807 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were 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 owns 1,807 shares in the company, valued at approximately $39,754. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 6,943 shares of company stock valued at $152,746.

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.