Piper Sandler Forecasts Strong Price Appreciation for Chain Bridge Bancorp (NYSE:CBNA) Stock

Chain Bridge Bancorp (NYSE:CBNA) had its target price raised by equities researchers at Piper Sandler from $30.00 to $31.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 28.50% from the stock’s current price.

CBNA has been the topic of several other reports. Raymond James initiated coverage on Chain Bridge Bancorp in a report on Tuesday, October 29th. They set a “strong-buy” rating and a $29.00 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 target on the stock.

Chain Bridge Bancorp Stock Down 0.5 %

Shares of CBNA stock traded down $0.12 during trading hours on Wednesday, reaching $24.13. The stock had a trading volume of 4,301 shares, compared to its average volume of 23,061. The company’s 50-day simple moving average is $24.82. Chain Bridge Bancorp has a twelve month low of $20.10 and a twelve month high of $27.56.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.15. Equities analysts forecast that Chain Bridge Bancorp will post 4.1 EPS for the current fiscal year.

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.