Chain Bridge Bancorp (NYSE:CBNA) Trading Up 1.7% – Time to Buy?

Chain Bridge Bancorp, Inc. (NYSE:CBNA) traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $24.89 and last traded at $24.77. 28,445 shares were traded during mid-day trading, an increase of 10% from the average session volume of 25,762 shares. The stock had previously closed at $24.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBNA shares. 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 target price for the company. Piper Sandler began coverage on Chain Bridge Bancorp in a research report on Tuesday, October 29th. They set an “overweight” rating and a $27.00 price objective for the company. Finally, Raymond James initiated coverage on shares of Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued a “strong-buy” rating and a $29.00 target price on the stock.

Chain Bridge Bancorp Stock Up 1.7 %

The company has a 50-day moving average price of $24.77.

Chain Bridge Bancorp (NYSE:CBNA) last released 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 during the quarter. Research analysts predict that Chain Bridge Bancorp, Inc. will post 4.1 EPS for the current year.

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.