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

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.31, Zacks reports. The business had revenue of $14.54 million during the quarter, compared to the consensus estimate of $12.27 million.

Chain Bridge Bancorp Trading Up 1.9 %

Shares of Chain Bridge Bancorp stock traded up $0.47 during trading on Friday, hitting $24.92. The stock had a trading volume of 18,531 shares, compared to its average volume of 27,062. The business has a fifty day moving average of $23.38 and a two-hundred day moving average of $23.92. Chain Bridge Bancorp has a fifty-two week low of $20.01 and a fifty-two week high of $27.56.

Wall Street Analysts Forecast Growth

CBNA has been the topic of a number of research analyst reports. Raymond James reissued a "strong-buy" rating and set a $34.00 price target (up from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th. Piper Sandler reduced their price target on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th.

Insider Buying and Selling

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman acquired 1,088 shares of the stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $24.49 per share, with a total value of $26,645.12. Following the purchase, the insider now directly owns 312,528 shares of the company's stock, valued at approximately $7,653,810.72. This trade represents a 0.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.