Chain Bridge Bancorp (NYSE:CBNA) Achieves 'Strong-Buy' Rating from Raymond James

Chain Bridge Bancorp (NYSE: CBNA) has recently received positive attention from financial analysts, as Raymond James has reaffirmed a "strong-buy" rating for the company. In their latest research report released on Thursday, analysts at Raymond James increased their price target for Chain Bridge Bancorp from $29.00 to $34.00. This new target price suggests a potential upside of approximately 39.09% based on the stock's last closing price.

Chain Bridge Bancorp is also gaining coverage from other financial institutions. For instance, Hovde Group initiated coverage on the bank with a "market perform" rating and a price target of $26.00. Meanwhile, Piper Sandler upgraded their target for Chain Bridge Bancorp from $30.00 to $31.00, assigning the stock an "overweight" rating in their latest report.

Chain Bridge Bancorp Stock Overview

On Thursday, shares of Chain Bridge Bancorp opened at $24.44. Over the past 12 months, the stock has fluctuated significantly, with a low of $20.10 and a high of $27.56. The 50-day moving average for the stock currently stands at $24.83, indicating steady trading activity.

The company recently reported its earnings results on February 4th, revealing an earnings per share (EPS) of $0.59 for the quarter, surpassing the consensus estimate of $0.44 by $0.15. Looking ahead, analysts project that Chain Bridge Bancorp will achieve an EPS of 4.1 for the current year, reflecting confidence in its performance.

About Chain Bridge Bancorp

Chain Bridge Bancorp Inc. functions as a bank holding company chartered in Delaware, operating Chain Bridge Bank, National Association. The institution offers a range of commercial and personal banking services, as well as trust services throughout the United States. Its comprehensive deposit products include both non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.

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