Chain Bridge Bancorp, Inc. (NYSE:CBNA) Short Interest Up 49.0% in February

Chain Bridge Bancorp, Inc. (NYSE:CBNA) was the recipient of a large increase in short interest in 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 trading volume of 4,934 shares, the short-interest ratio is currently 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 trading volume of 4,934 shares, the short-interest ratio is currently 6.7 days.

Wall Street Analyst Weigh In

CBNA has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Chain Bridge Bancorp in a research report on Monday, December 29th. Raymond James Financial cut shares of Chain Bridge Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 7th. Finally, 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. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $33.00.

Chain Bridge Bancorp Stock Performance

Shares of NYSE:CBNA traded up $0.25 during trading hours on Friday, reaching $35.15. The stock had a trading volume of 2,767 shares, compared to its average volume of 4,644. Chain Bridge Bancorp has a 1 year low of $20.01 and a 1 year high of $38.42. The firm’s 50 day moving average is $34.87 and its 200-day moving average is $33.10. The stock has a market capitalization of $230.59 million, a price-to-earnings ratio of 11.41 and a beta of 0.54.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $14.70 million during the quarter, compared to analysts’ expectations of $13.66 million. Chain Bridge Bancorp had a net margin of 34.11% and a return on equity of 12.88%. Analysts forecast that Chain Bridge Bancorp will post 2.22 EPS for the current year.

Insider Buying and Selling

In other news, insider James R. Pollock bought 714 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $35.25 per share, for a total transaction of $25,168.50. Following the acquisition, 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 filing with the SEC, which is available at the SEC website. 25.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the 1st quarter worth about $131,000. Geode Capital Management LLC lifted its position in shares of Chain Bridge Bancorp by 115.3% during the 2nd quarter. Geode Capital Management LLC now owns 58,843 shares of the company’s stock worth $1,517,000 after buying an additional 31,510 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at $37,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Chain Bridge Bancorp in the 2nd quarter valued at $53,000.

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.