Chain Bridge Bancorp (CBNA) to Release Quarterly Earnings on Tuesday

Chain Bridge Bancorp (NYSE:CBNA) is expected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Chain Bridge Bancorp to post earnings of $0.54 per share for the quarter.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. On average, analysts expect Chain Bridge Bancorp to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Chain Bridge Bancorp Price Performance

Shares of CBNA opened at $24.52 on Monday. The firm has a fifty day moving average price of $23.42 and a 200-day moving average price of $23.71. Chain Bridge Bancorp has a 12-month low of $20.01 and a 12-month high of $27.56.

Insiders Place Their Bets

In related news, major shareholder Martin S. Friedman bought 16,194 shares of the company’s stock in a transaction on Monday, February 24th. The shares were acquired 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 of the company’s stock, valued at $8,040,540.12. The trade was a 5.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler dropped their target price on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Raymond James restated a “strong-buy” rating and set a $34.00 price objective (up from $29.00) on shares of Chain Bridge Bancorp in a report on Thursday, January 30th.

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.