Chain Bridge Bancorp (NYSE:CBNA) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Chain Bridge Bancorp (NYSE:CBNA) released its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15, Zacks reports.

Chain Bridge Bancorp Stock Performance

Shares of CBNA traded down $0.17 during trading hours on Tuesday, hitting $24.24. 45,840 shares of the stock were exchanged, compared to its average volume of 24,408. The stock has a 50-day moving average price of $24.82. Chain Bridge Bancorp has a 12-month low of $20.10 and a 12-month high of $27.56.

Wall Street Analyst Weigh In

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

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.