Short Interest in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Expands By 143.7%

Chain Bridge Bancorp, Inc. (NYSE:CBNA) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 27,552 shares, a growth of 143.7% from the June 15th total of 11,305 shares. Based on an average daily trading volume, of 20,476 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CBNA shares. Zacks Research cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Hovde Group upped their price objective on shares of Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Chain Bridge Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chain Bridge Bancorp has an average rating of “Reduce” and a consensus price target of $38.50.

Hedge Funds Weigh In On Chain Bridge Bancorp

Several large investors have recently modified their holdings of the stock. Hingham Institution for Savings bought a new stake in Chain Bridge Bancorp during the 4th quarter valued at about $10,169,000. RMR Wealth Builders bought a new position in shares of Chain Bridge Bancorp in the fourth quarter worth approximately $1,341,000. Magnolia Private Wealth LLC purchased a new stake in shares of Chain Bridge Bancorp during the fourth quarter valued at approximately $1,131,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Chain Bridge Bancorp during the first quarter valued at approximately $647,000. Finally, Militia Capital Partners LP bought a new stake in shares of Chain Bridge Bancorp during the third quarter valued at approximately $556,000.

Chain Bridge Bancorp Stock Up 1.9%

Shares of NYSE CBNA traded up $0.80 on Thursday, reaching $42.68. 2,674 shares of the company’s stock traded hands, compared to its average volume of 7,076. The business’s 50 day simple moving average is $38.58 and its two-hundred day simple moving average is $36.38. Chain Bridge Bancorp has a 12 month low of $25.44 and a 12 month high of $45.26. The company has a market cap of $279.98 million, a price-to-earnings ratio of 12.89 and a beta of 0.24.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.13. The company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $15.49 million. Chain Bridge Bancorp had a return on equity of 13.07% and a net margin of 35.09%. Analysts forecast that Chain Bridge Bancorp will post 4.93 earnings per share for the current fiscal year.

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.