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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