Chain Bridge Bancorp (NYSE:CBNA) Issues Quarterly Earnings Results

Chain Bridge Bancorp (NYSE:CBNA) issued its earnings results on Tuesday. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.44 by $0.15, Zacks reports.

Chain Bridge Bancorp Trading Down 0.7 %

Shares of NYSE CBNA traded down $0.17 during mid-day trading on Tuesday, hitting $24.24. 45,840 shares of the company’s stock traded hands, compared to its average volume of 24,408. The business has a 50-day moving average of $24.82. Chain Bridge Bancorp has a 1 year low of $20.10 and a 1 year high of $27.56.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CBNA shares. Piper Sandler started coverage on shares of Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 target price on the stock. Hovde Group initiated coverage on Chain Bridge Bancorp in a research report on Wednesday, November 20th. They set a “market perform” rating and a $26.00 price objective for the company. Finally, Raymond James began coverage on Chain Bridge Bancorp in a research report on Tuesday, October 29th. They set a “strong-buy” rating and a $29.00 price objective for the company.

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.