Piper Sandler on Chain Bridge Bancorp (CBNA): 'A Low-Risk Name in Highly Volatile Times'; PT Lowered

Piper Sandler analyst Mark Fitzgibbon lowered the price target on Chain Bridge Bancorp (NYSE: CBNA) to $29.00 (from $31.00) while maintaining an Overweight rating.

The analyst commented: "A Low-Risk Name in Highly Volatile Times; As bank stocks continue to gyrate like a rollercoaster, we started thinking about which names in our coverage should theoretically be more immune to the volatility. The one name that we think ought to be significantly less volatile is Chain Bridge Bancorp (CBNA). We believe the company has many defensive characteristics and is also ideally positioned to capitalize on the new regime in Washington."

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