Chain Bridge Bancorp (NYSE:CBNA) Issues Earnings Results

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

Chain Bridge Bancorp Trading Up 0.1 %

Shares of CBNA opened at $24.54 on Thursday. The business’s 50-day moving average is $24.88. Chain Bridge Bancorp has a twelve month low of $20.10 and a twelve month high of $27.56.

Analyst Ratings Changes

A number of research firms recently weighed in on CBNA. Piper Sandler lifted their price objective on shares of Chain Bridge Bancorp from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Raymond James reissued a “strong-buy” rating and set a $34.00 price target (up from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th. Finally, Hovde Group initiated coverage on Chain Bridge Bancorp in a report on Wednesday, November 20th. They issued a “market perform” rating and a $26.00 price objective on the stock.

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.