Chain Bridge Bancorp (NYSE:CBNA) Trading Up 1.4% – Should You Buy?

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA) rose 1.4% during trading on Wednesday . The company traded as high as $27.40 and last traded at $27.04. Approximately 20,245 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 36,018 shares. The stock had previously closed at $26.66.

Analysts Set New Price Targets

CBNA has been the topic of several recent research reports. Piper Sandler initiated coverage on Chain Bridge Bancorp in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 price target on the stock. Raymond James began 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. Finally, Hovde Group started coverage on Chain Bridge Bancorp in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $26.00 price target for the company.

Chain Bridge Bancorp Trading Down 0.8 %

The business has a fifty day simple moving average of $23.32.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.64 EPS for the quarter. The business had revenue of $16.73 million for the quarter. Equities research analysts forecast that Chain Bridge Bancorp, Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity at Chain Bridge Bancorp

In other news, CEO John J. Brough acquired 1,252 shares of the stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $22.00 per share, for a total transaction of $27,544.00. Following the transaction, the chief executive officer now directly owns 1,252 shares of the company’s stock, valued at approximately $27,544. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Pollock purchased 3,131 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $68,882.00. Following the completion of the purchase, the insider now directly owns 3,131 shares of the company’s stock, valued at $68,882. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 6,943 shares of company stock worth $152,746.

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.