Short Interest in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Declines By 38.0%

Chain Bridge Bancorp, Inc. (NYSE:CBNA) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 22,167 shares, a drop of 38.0% from the December 15th total of 35,730 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 6,902 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 6,902 shares, the short-interest ratio is presently 3.2 days. Approximately 0.5% of the shares of the company are sold short.

Chain Bridge Bancorp Price Performance

Chain Bridge Bancorp stock traded up $0.09 during mid-day trading on Friday, reaching $32.36. The company had a trading volume of 4,230 shares, compared to its average volume of 5,380. The stock’s 50-day simple moving average is $33.42 and its 200-day simple moving average is $30.80. Chain Bridge Bancorp has a 1 year low of $20.01 and a 1 year high of $38.42. The company has a market capitalization of $212.25 million, a P/E ratio of 11.31 and a beta of 0.47.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $13.12 million for the quarter, compared to analysts’ expectations of $13.45 million. Chain Bridge Bancorp had a return on equity of 12.10% and a net margin of 32.83%. On average, equities analysts forecast that Chain Bridge Bancorp will post 2.22 EPS for the current fiscal year.

Institutional Trading of Chain Bridge Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Chain Bridge Bancorp during the 2nd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chain Bridge Bancorp during the second quarter worth $33,000. Russell Investments Group Ltd. acquired a new position in shares of Chain Bridge Bancorp in the second quarter worth $37,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Chain Bridge Bancorp in the second quarter worth $53,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Chain Bridge Bancorp in the second quarter valued at $101,000.

Analyst Ratings Changes

Several brokerages have issued reports on CBNA. Weiss Ratings reissued a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Zacks Research cut Chain Bridge Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. Finally, Raymond James Financial downgraded 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chain Bridge Bancorp currently has a consensus rating of “Reduce” and an average target price of $33.00.

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.