Raymond James Initiates Coverage on Chain Bridge Bancorp (NYSE:CBNA)

Raymond James initiated coverage on shares of Chain Bridge Bancorp (NYSE:CBNA) in a research note published on Tuesday, Marketbeat reports. The firm issued a strong-buy rating and a $29.00 price target on the stock.

Chain Bridge Bancorp Price Performance

CBNA opened at $22.10 on Tuesday. Chain Bridge Bancorp has a 1-year low of $20.10 and a 1-year high of $22.80.

Insider Transactions at Chain Bridge Bancorp

In other news, insider James R. Pollock acquired 3,131 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average price of $22.00 per share, with a total value of $68,882.00. Following the completion of the transaction, the insider now directly owns 3,131 shares in the company, valued at approximately $68,882. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider James R. Pollock acquired 3,131 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was bought at an average price of $22.00 per share, with a total value of $68,882.00. Following the purchase, the insider now directly owns 3,131 shares in the company, valued at $68,882. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John J. Brough purchased 1,252 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, with a total value of $27,544.00. Following the transaction, the chief executive officer now directly owns 1,252 shares of the company’s stock, valued at $27,544. The disclosure for this purchase can be found here. Insiders bought a total of 6,943 shares of company stock worth $152,746 over the last ninety days.

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.