Chain Bridge Bancorp (CBNA) Projected to Post Quarterly Earnings on Monday

Chain Bridge Bancorp (NYSE:CBNA) is anticipated to announce its earnings results before the market opens on Monday, July 28th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $11.99 million for the quarter.

Chain Bridge Bancorp (NYSE:CBNA) last released its quarterly earnings data on Monday, April 28th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.31. The company had revenue of $14.54 million for the quarter, compared to analyst estimates of $12.27 million. On average, analysts expect Chain Bridge Bancorp to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Chain Bridge Bancorp Stock Down 0.6%

NYSE CBNA opened at $26.77 on Friday. The stock’s 50 day moving average is $26.23 and its two-hundred day moving average is $24.82. Chain Bridge Bancorp has a 1-year low of $20.01 and a 1-year high of $27.97.

Wall Street Analyst Weigh In

Separately, Piper Sandler downgraded Chain Bridge Bancorp from an “overweight” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Thursday, May 29th.

Insider Activity at Chain Bridge Bancorp

In other news, major shareholder Martin S. Friedman sold 32,158 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $27.01, for a total value of $868,587.58. Following the transaction, the insider directly owned 306,078 shares of the company’s stock, valued at $8,267,166.78. The trade was a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chain Bridge Bancorp stock. Acadian Asset Management LLC bought a new position in Chain Bridge Bancorp, Inc. (NYSE:CBNA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,580 shares of the company’s stock, valued at approximately $131,000. Acadian Asset Management LLC owned approximately 0.09% of Chain Bridge Bancorp at the end of the most recent reporting period.

Chain Bridge Bancorp Company Profile

Chain Bridge Bancorp, Inc operates as a Delaware-chartered bank holding company for Chain Bridge Bank, National Association that provides commercial and personal banking, and trust services in the United States. Its deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts.