Chain Bridge Bancorp price target raised to $31 from $30 at Piper Sandler

Piper Sandler raised the firm’s price target on Chain Bridge Bancorp (CBNA) to $31 from $30 and keeps an Overweight rating on the shares following the company’s earnings report. The core results translated into a 1.13% return on average assets and a 10.5% return on average tangible common equity, both solid metrics, the firm adds.