Raymond James Reiterates “Strong-Buy” Rating for Chain Bridge Bancorp (NYSE:CBNA)

Chain Bridge Bancorp (NYSE:CBNA)‘s stock had its “strong-buy” rating reaffirmed by stock analysts at Raymond James in a note issued to investors on Thursday,Benzinga reports. They presently have a $34.00 price target on the stock, up from their previous price target of $29.00. Raymond James’ price target would indicate a potential upside of 38.02% from the company’s current price.

CBNA has been the topic of a number of other research reports. Piper Sandler upped their price objective on Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday. Hovde Group initiated 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 Stock Down 1.1 %

Chain Bridge Bancorp stock opened at $24.64 on Thursday. Chain Bridge Bancorp has a 1-year low of $20.10 and a 1-year high of $27.56. The company has a fifty day simple moving average of $24.84.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.15. On average, research analysts anticipate that Chain Bridge Bancorp will post 1.78 earnings per share for the current year.

Institutional Trading of Chain Bridge Bancorp

A hedge fund recently bought a new stake in Chain Bridge Bancorp stock. Chevy Chase Trust Holdings LLC purchased a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,010 shares of the company’s stock, valued at approximately $226,000. Chevy Chase Trust Holdings LLC owned 0.14% of Chain Bridge Bancorp at the end of the most recent 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.