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

Chain Bridge Bancorp, Inc. (NYSE:CBNA – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 32,988 shares, an increase of 49.0% from the February 12th total of 22,134 shares. Based on an average daily volume of 4,934 shares, the short-interest ratio is presently 6.7 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 4,934 shares, the short-interest ratio is presently 6.7 days.

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

Read Our Latest Stock Analysis on Chain Bridge Bancorp

NYSE:CBNA opened at $35.15 on Friday. Chain Bridge Bancorp has a 1-year low of $20.01 and a 1-year high of $38.42. The company has a 50-day moving average of $34.87 and a 200 day moving average of $33.04. The firm has a market cap of $230.66 million, a PE ratio of 11.41 and a beta of 0.53.

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

In other Chain Bridge Bancorp news, insider James R. Pollock acquired 714 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $35.25 per share, with a total value of $25,168.50. Following the transaction, the insider directly owned 3,845 shares of the company’s stock, valued at $135,536.25. The trade was a 22.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 25.85% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CBNA. Hingham Institution for Savings acquired a new stake in Chain Bridge Bancorp in the fourth quarter valued at approximately $10,169,000. Royce & Associates LP lifted its holdings in shares of Chain Bridge Bancorp by 80.4% during the 3rd quarter. Royce & Associates LP now owns 245,721 shares of the company’s stock valued at $8,042,000 after purchasing an additional 109,495 shares during the last quarter. Beartown Capital Management LLC purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter valued at $2,626,000. Cannell Capital LLC boosted its position in shares of Chain Bridge Bancorp by 239.5% in the 3rd quarter. Cannell Capital LLC now owns 61,609 shares of the company’s stock worth $2,016,000 after purchasing an additional 43,464 shares in the last quarter. Finally, RMR Wealth Builders acquired a new stake in shares of Chain Bridge Bancorp in the 4th quarter worth $1,341,000.

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.
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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.