Short Interest in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Drops By 13.3%

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

Chain Bridge Bancorp Price Performance

NYSE CBNA traded down $0.62 on Tuesday, reaching $36.42. The company had a trading volume of 4,765 shares, compared to its average volume of 4,665. The firm has a market capitalization of $238.92 million, a PE ratio of 11.83 and a beta of 0.47. Chain Bridge Bancorp has a 1 year low of $20.01 and a 1 year high of $38.42. The firm has a 50-day moving average of $34.20 and a 200-day moving average of $31.36.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. The business had revenue of $14.70 million for the quarter, compared to the consensus estimate of $13.66 million. As a group, sell-side analysts expect that Chain Bridge Bancorp will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of hedge funds have recently modified their holdings of CBNA. JPMorgan Chase & Co. bought a new stake in Chain Bridge Bancorp during the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Chain Bridge Bancorp during the second quarter worth approximately $33,000. Russell Investments Group Ltd. bought a new stake in shares of Chain Bridge Bancorp during the second quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Chain Bridge Bancorp in the second quarter valued at approximately $53,000. Finally, New York State Common Retirement Fund bought a new position in Chain Bridge Bancorp in the second quarter valued at about $101,000.

Analyst Upgrades and Downgrades

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

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.