Chain Bridge Bancorp (NYSE:CBNA) Issues Earnings Results, Beats Estimates By $0.31 EPS

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) posted its earnings results on Monday. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.31, Zacks reports.

Chain Bridge Bancorp Price Performance

Shares of NYSE CBNA traded up $0.29 during trading on Monday, hitting $24.47. 5,228 shares of the company were exchanged, compared to its average volume of 27,471. Chain Bridge Bancorp has a 1 year low of $20.01 and a 1 year high of $27.56. The firm's fifty day moving average price is $23.38 and its 200 day moving average price is $23.81.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBNA shares. Piper Sandler cut their price target on Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Raymond James restated a "strong-buy" rating and set a $34.00 price target (up previously from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th.

Insider Buying and Selling

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman bought 16,194 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $24.46 per share, with a total value of $396,105.24. Following the transaction, the insider now owns 328,722 shares in the company, valued at $8,040,540.12. This trade represents a 5.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.

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