Raymond James began coverage on shares of Chain Bridge Bancorp (NYSE:CBNA – Free Report) in a report released on Tuesday, MarketBeat.com reports. The firm issued a strong-buy rating and a $29.00 target price on the stock.
Chain Bridge Bancorp Price Performance
Shares of NYSE CBNA opened at $22.10 on Tuesday. Chain Bridge Bancorp has a fifty-two week low of $20.10 and a fifty-two week high of $22.80.
Insiders Place Their Bets
In related news, CEO John J. Brough acquired 1,252 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average cost of $22.00 per share, with a total value of $27,544.00. Following the acquisition, the chief executive officer now directly owns 1,252 shares in the company, valued at approximately $27,544. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chain Bridge Bancorp news, Director Yonesy F. Nunez purchased 1,807 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average cost of $22.00 per share, with a total value of $39,754.00. Following the acquisition, the director now owns 1,807 shares of the company’s stock, valued at approximately $39,754. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John J. Brough purchased 1,252 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average cost of $22.00 per share, with a total value of $27,544.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,252 shares in the company, valued at approximately $27,544. The disclosure for this purchase can be found here. Insiders purchased a total of 6,943 shares of company stock valued at $152,746 in the last ninety days.
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.
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