Chain Bridge Bancorp (NYSE:CBNA) Trading Up 1.4% - What's Next?

Shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Get Free Report) 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

A number of research analysts have recently weighed in on CBNA shares. Raymond James assumed coverage on Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued a "strong-buy" rating and a $29.00 price objective on the stock. Hovde Group initiated coverage on shares of Chain Bridge Bancorp in a research note on Wednesday, November 20th. They set a "market perform" rating and a $26.00 price objective for the company. Finally, Piper Sandler initiated coverage on shares of Chain Bridge Bancorp in a report on Tuesday, October 29th. They set an "overweight" rating and a $27.00 target price for the company.

Chain Bridge Bancorp Price Performance

The company's fifty day moving average is $23.32.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $1.64 EPS for the quarter. The business had revenue of $16.73 million during the quarter. Research analysts anticipate that Chain Bridge Bancorp, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James R. Pollock bought 3,131 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $68,882.00. Following the completion of the acquisition, the insider now owns 3,131 shares in the company, valued at approximately $68,882. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John J. Brough bought 1,252 shares of Chain Bridge Bancorp stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $27,544.00. Following the acquisition, the chief executive officer now owns 1,252 shares of the company's stock, valued at $27,544. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 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.