Chain Bridge Bancorp (NYSE:CBNA) Earns Strong-Buy Rating from Raymond James

Posted by Doug Wharley on Feb 1st, 2025

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report)‘s stock had its “strong-buy” rating reissued by equities researchers at Raymond James in a research report issued on Thursday,Benzinga reports. They currently have a $34.00 price objective on the stock, up from their prior price objective of $29.00. Raymond James’ target price would suggest a potential upside of 38.02% from the company’s current price.

CBNA has been the subject of a number of other research reports. Hovde Group began coverage on shares of Chain Bridge Bancorp in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $26.00 price objective for the company. Piper Sandler raised their price target on Chain Bridge Bancorp from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday.

View Our Latest Analysis on CBNA

Chain Bridge Bancorp Trading Down 1.1 %

NYSE:CBNA opened at $24.64 on Thursday. Chain Bridge Bancorp has a 1-year low of $20.10 and a 1-year high of $27.56. The firm has a 50-day moving average of $24.84.

Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.15. Research analysts anticipate that Chain Bridge Bancorp will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Chain Bridge Bancorp

An institutional investor recently bought a new position in Chain Bridge Bancorp stock. Chevy Chase Trust Holdings LLC purchased a new stake in Chain Bridge Bancorp, Inc. (NYSE:CBNA – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,010 shares of the company’s stock, valued at approximately $226,000. Chevy Chase Trust Holdings LLC owned 0.14% of Chain Bridge Bancorp at the end of the most recent reporting period.

About Chain Bridge Bancorp

(Get Free Report)

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.