Short Interest in Chain Bridge Bancorp, Inc. (NYSE:CBNA) Increases By 140.6%

Chain Bridge Bancorp, Inc. (NYSE:CBNA) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 77,183 shares, a growth of 140.6% from the July 30th total of 32,079 shares. Based on an average trading volume of 26,113 shares, the short-interest ratio is currently 3.0 days. Approximately 1.6% of the company’s shares are sold short.

Institutional Trading of Chain Bridge Bancorp

Several institutional investors have recently added to or reduced their stakes in CBNA. Hingham Institution for Savings increased its position in shares of Chain Bridge Bancorp by 8.3% in the 2nd quarter. Hingham Institution for Savings now owns 334,137 shares of the company’s stock worth $14,050,000 after purchasing an additional 25,525 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Chain Bridge Bancorp by 13.2% in the 4th quarter. Royce & Associates LP now owns 278,136 shares of the company’s stock valued at $9,635,000 after acquiring an additional 32,415 shares during the last quarter. Gator Capital Management LLC raised its position in shares of Chain Bridge Bancorp by 0.8% during the 4th quarter. Gator Capital Management LLC now owns 205,745 shares of the company’s stock valued at $7,127,000 after acquiring an additional 1,635 shares in the last quarter. Vanguard Group Inc. lifted its stake in Chain Bridge Bancorp by 4.2% during the third quarter. Vanguard Group Inc. now owns 112,494 shares of the company’s stock worth $3,682,000 after purchasing an additional 4,484 shares during the last quarter. Finally, Beartown Capital Management LLC acquired a new position in Chain Bridge Bancorp in the fourth quarter worth $2,626,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CBNA shares. Weiss Ratings raised shares of Chain Bridge Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Hovde Group increased their target price on Chain Bridge Bancorp from $38.00 to $39.50 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Wall Street Zen raised Chain Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Piper Sandler raised their price objective on Chain Bridge Bancorp from $39.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Zacks Research cut Chain Bridge Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chain Bridge Bancorp has a consensus rating of “Hold” and a consensus price target of $42.17.

Chain Bridge Bancorp Stock Up 0.4%

Shares of NYSE CBNA traded up $0.18 during trading on Friday, reaching $45.66. 12,073 shares of the stock were exchanged, compared to its average volume of 9,921. Chain Bridge Bancorp has a twelve month low of $28.10 and a twelve month high of $49.13. The company has a market capitalization of $299.62 million, a price-to-earnings ratio of 11.25 and a beta of 0.21. The business’s 50-day moving average price is $43.70 and its 200 day moving average price is $38.78.

Chain Bridge Bancorp (NYSE:CBNA) last announced its earnings results on Tuesday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. Chain Bridge Bancorp had a return on equity of 15.42% and a net margin of 38.64%.The company had revenue of $20.00 million during the quarter, compared to the consensus estimate of $18.98 million. As a group, sell-side analysts expect that Chain Bridge Bancorp will post 5.13 earnings per share for the current fiscal year.

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.