Chain Bridge Bancorp, Inc. (NYSE:CBNA) Sees Large Drop in Short Interest

Chain Bridge Bancorp, Inc. (NYSE:CBNA) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 19,229 shares, a drop of 13.3% from the December 31st total of 22,167 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 5,623 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily trading volume, of 5,623 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.4% of the shares of the company are sold short.

Chain Bridge Bancorp Trading Down 0.0%

Shares of CBNA opened at $38.01 on Thursday. Chain Bridge Bancorp has a 12 month low of $20.01 and a 12 month high of $38.42. The firm’s 50 day moving average is $34.45 and its 200-day moving average is $31.48. The stock has a market capitalization of $249.39 million, a PE ratio of 12.34 and a beta of 0.47.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. Chain Bridge Bancorp had a return on equity of 12.88% and a net margin of 34.11%.The business had revenue of $14.70 million during the quarter, compared to analysts’ expectations of $13.66 million. Equities research analysts predict that Chain Bridge Bancorp will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James Financial lowered shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 7th. Weiss Ratings restated a “sell (d)” rating on shares of Chain Bridge Bancorp in a report on Monday, December 29th. Finally, Zacks Research upgraded Chain Bridge Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chain Bridge Bancorp currently has a consensus rating of “Reduce” and a consensus price target of $33.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings LLC acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at approximately $475,000. RMR Wealth Builders bought a new position in Chain Bridge Bancorp in the fourth quarter valued at approximately $1,341,000. CWM LLC increased its stake in Chain Bridge Bancorp by 3,239.9% in the fourth quarter. CWM LLC now owns 5,945 shares of the company’s stock valued at $206,000 after acquiring an additional 5,767 shares during the last quarter. Daytona Street Capital LLC acquired a new position in Chain Bridge Bancorp during the fourth quarter valued at approximately $346,000. Finally, JPMorgan Chase & Co. lifted its stake in Chain Bridge Bancorp by 214.8% during the third quarter. JPMorgan Chase & Co. now owns 3,494 shares of the company’s stock worth $114,000 after purchasing an additional 2,384 shares during the last quarter.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc (NYSE: CBNA) is the bank holding company for Chain Bridge Bank, a full-service community commercial bank headquartered in Oakton, Virginia. Founded in 1999, the company is focused on serving small- and middle-market businesses, professional firms and individual clients throughout the Washington, DC metropolitan area.

Through its subsidiary, Chain Bridge Bank provides a comprehensive suite of deposit products, including checking, savings and money market accounts, as well as time deposits.