Chain Bridge Bancorp (CBNA) Expected to Announce Quarterly Earnings on Tuesday

Chain Bridge Bancorp (NYSE:CBNA) is expected to issue its results before the market opens on Tuesday, January 27th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $13.6640 million for the quarter.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $13.12 million during the quarter, compared to the consensus estimate of $13.45 million. Chain Bridge Bancorp had a net margin of 32.83% and a return on equity of 12.10%. On average, analysts expect Chain Bridge Bancorp to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA opened at $33.23 on Monday. Chain Bridge Bancorp has a 1 year low of $20.01 and a 1 year high of $38.42. The stock has a market cap of $217.96 million, a P/E ratio of 11.62 and a beta of 0.47. The stock has a 50-day simple moving average of $33.73 and a 200-day simple moving average of $31.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CBNA shares. Weiss Ratings restated a “sell (d)” rating on shares of Chain Bridge Bancorp in a research note on Monday, December 29th. Zacks Research downgraded shares of Chain Bridge Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. Finally, Raymond James Financial cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Chain Bridge Bancorp presently has a consensus rating of “Reduce” and an average target price of $33.00.

Institutional Investors Weigh In On Chain Bridge Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of CBNA. JPMorgan Chase & Co. acquired a new position in Chain Bridge Bancorp in the second quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chain Bridge Bancorp during the 2nd quarter worth $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter worth approximately $37,000. New York State Common Retirement Fund bought a new stake in Chain Bridge Bancorp during the second quarter valued at $101,000. Finally, Acadian Asset Management LLC acquired a new stake in Chain Bridge Bancorp during the first quarter worth about $131,000.

About Chain Bridge Bancorp

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.