BUZZ-Piper Sandler cuts Chain Bridge Bancorp to 'neutral' after strong run

Reuters

05-29

BUZZ-Piper Sandler cuts <a href="https://laohu8.com/S/CBNA">Chain Bridge Bancorp</a> to 'neutral' after strong run

** Piper Sandler downgrades Chain Bridge Bancorp CBNA.N, a lender popular among Republicans since its inception, to "neutral" from "overweight"

** Says CBNA shares are now trading only 8% below its $29 PT, driving the brokerage to downgrade its rating

** CBNA stock closed up 1.2% at $26.96 on Wednesday

** Brokerage still likes the bank's differentiated strategy but sees limited near-time upside potential in the stock

** CBNA went public last year after a 1.85 million share IPO priced at $22 apiece

** 1 of 3 brokerages rate the stock "strong buy" and 2 "hold"; median PT $29 - data compiled by LSEG

** As of last close, CBNA stock up 7.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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median PT $29 - data compiled by LSEG</p><p>** As of last close, CBNA stock up 7.5% YTD</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nL4N3RL1QN:1","article_id":"2539250853","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539250853","pubTimestamp":1748520312,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Piper Sandler cuts Chain Bridge Bancorp to 'neutral' after strong run** Piper Sandler downgrades Chain Bridge Bancorp CBNA.N, a lender popular among Republicans since its inception, to \"neutral\" from \"overweight\"** Says CBNA shares are now trading only 8% below its $29 PT, driving the brokerage to downgrade its rating ** CBNA stock closed up 1.2% at $26.96 on Wednesday** Brokerage still likes the bank's differentiated strategy but sees limited near-time upside potential in the stock** CBNA went public last year after a 1.85 million share IPO priced at $22 apiece** 1 of 3 brokerages rate the stock \"strong buy\" and 2 \"hold\"; 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median PT $29 - data compiled by LSEG** As of last close, CBNA stock up 7.5% YTD(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}