Chain Bridge Bancorp shareholders elect 13 directors at annual meeting

Chain Bridge Bancorp (NASDAQ:BDGE_old), Inc. (NYSE:CBNA), a $161 million market cap bank trading at $24.41 per share, announced Wednesday that shareholders elected all 13 director nominees at the company’s 2025 Annual Meeting of Stockholders held on June 18.

The elected directors, who will serve until the 2026 Annual Meeting or until their successors are elected, include Peter G. Fitzgerald, Mark Martinelli, Yonesy F. Núñez, Michael J. Conover, Leigh-Alexandra Basha, John J. Brough, David M. Evinger, Thomas G. Fitzgerald, Jr., Andrew J. Fitzgerald, Joseph M. Fitzgerald, Michelle L. Korsmo, Benita Thompson-Byas, and Paul W. Leavitt. According to InvestingPro data, the company maintains a strong financial health score and has achieved impressive revenue growth of 63% over the last twelve months.

All nominees received strong support, with each director receiving at least 30.4 million votes in favor of their election. Andrew J. Fitzgerald received the highest number of "against" votes at 217,016, while most other nominees received fewer than 25,000 votes against.

Shareholders also ratified the appointment of Yount, Hyde & Barbour, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received overwhelming support with 31,386,367 votes in favor, 1,051 votes against, and 188 abstentions.

No other matters were submitted for stockholder action at the annual meeting, according to the SEC filing.

Chain Bridge Bancorp is an emerging growth company headquartered in McLean, Virginia. The stock currently trades at an attractive P/E ratio of 6.5, with analyst price targets ranging from $26 to $34. InvestingPro subscribers have access to 7 additional key insights about CBNA’s valuation and growth prospects.

In other recent news, Chain Bridge Bancorp has been the focus of analyst adjustments from Piper Sandler. The firm downgraded its rating of the company from Overweight to Neutral, attributing the change to the stock’s significant appreciation since its IPO. Additionally, Piper Sandler revised the price target for Chain Bridge Bancorp down to $29.00, from a previous target of $31.00. Despite these adjustments, the firm acknowledged the company’s robust business strategy and prudent financial management. Piper Sandler’s analyst, Mark Fitzgibbon, highlighted Chain Bridge Bancorp’s position as a low-risk player in a volatile banking sector, maintaining an Overweight rating based on its defensive characteristics. These characteristics are believed to protect the company from market fluctuations and align it favorably with the current political climate in Washington. The analyst’s outlook suggests that while short-term stock price growth may be constrained, the company’s stability and potential for long-term growth remain intact. Investors are likely to consider these developments as they assess the company’s stock and future prospects.

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