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Chain Bridge Bancorp initiated with an Overweight at Piper Sandler
The Fly

Chain Bridge Bancorp initiated with an Overweight at Piper Sandler

Piper Sandler analyst Mark Fitzgibbon initiated coverage of Chain Bridge Bancorp (CBNA) with an Overweight rating and $27 price target The company has carved out a niche serving political organizations and has developed the specialized expertise in meeting the needs of these high transaction volume entities, the analyst tells investors in a research note. Piper assumes the stock trades to 120% of its estimate for tangible book value in one year’s time.

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