Chain Bridge Bancorp (NYSE:CBNA) Now Covered by Hovde Group

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

Several other research firms have also issued reports on CBNA. 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. Raymond James started coverage on Chain Bridge Bancorp in a research note on Tuesday, October 29th. They issued a “strong-buy” rating and a $29.00 price objective for the company.

Chain Bridge Bancorp Price Performance

NYSE 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 results on Tuesday, October 29th. The company reported $1.64 earnings per share for the quarter. The firm had revenue of $16.73 million for the quarter. On average, sell-side analysts anticipate that Chain Bridge Bancorp will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In other Chain Bridge Bancorp news, insider James R. Pollock purchased 3,131 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $22.00 per share, for a total transaction of $68,882.00. Following the purchase, the insider now owns 3,131 shares of the company’s stock, valued at $68,882. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yonesy F. Nunez acquired 1,807 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average cost of $22.00 per share, with a total value of $39,754.00. Following the completion of the acquisition, the director now owns 1,807 shares in the company, valued at $39,754. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 6,943 shares of company stock valued at $152,746.

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.