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

Key Points

• Upcoming earnings: Chain Bridge Bancorp will report before the market opens on Monday, April 27; analysts project $0.95 EPS and $15.49 million in revenue for the quarter, and ~$2 EPS for the current fiscal year vs. ~$4 EPS next year.
• Last quarter the company beat estimates, reporting $0.81 EPS (consensus $0.79) and $14.69M in revenue, with a return on equity of 12.63% and a net margin of 34.11%.
• Shares trade near $35.84 with a market cap of $235.1M and a P/E of 11.64 (52‑week range $22.84–$38.42); analyst sentiment has weakened to an average rating of “Reduce” and an average price target of $38 following several downgrades.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) is projected to announce its results before the market opens on Monday, April 27th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $15.4910 million for the quarter.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its earnings results on Wednesday, January 28th. The company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Chain Bridge Bancorp had a return on equity of 12.63% and a net margin of 34.11%.The company had revenue of $14.69 million during the quarter, compared to analyst estimates of $13.66 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 Trading Down 0.3%

NYSE CBNA opened at $35.84 on Monday. Chain Bridge Bancorp has a 1-year low of $22.84 and a 1-year high of $38.42. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $33.84. The firm has a market cap of $235.10 million, a PE ratio of 11.64 and a beta of 0.48.

Analyst Ratings Changes

A number of research analysts have commented on CBNA shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Chain Bridge Bancorp in a research report on Friday, March 27th. 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. Zacks Research downgraded Chain Bridge Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 14th. Finally, Piper Sandler initiated coverage on Chain Bridge Bancorp in a report on Monday, March 16th. They set a "neutral" rating and a $39.00 price target on the stock. 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, the company currently has an average rating of "Reduce" and an average price target of $38.00.

Insider Buying and Selling

In other Chain Bridge Bancorp news, insider James R. Pollock bought 714 shares of the company's stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $35.25 per share, for a total transaction of $25,168.50. Following the completion of the transaction, the insider directly owned 3,845 shares of the company's stock, valued at approximately $135,536.25. This represents a 22.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.85% of the company's stock.

Hedge Funds Weigh In On Chain Bridge Bancorp

A number of large investors have recently bought and sold shares of CBNA. New York State Common Retirement Fund acquired a new stake in Chain Bridge Bancorp during the 2nd quarter worth about $101,000. Bank of America Corp DE raised its position in shares of Chain Bridge Bancorp by 236.0% in the third quarter. Bank of America Corp DE now owns 8,508 shares of the company's stock worth $278,000 after acquiring an additional 5,976 shares during the period. Cannell Capital LLC raised its position in shares of Chain Bridge Bancorp by 17.3% in the second quarter. Cannell Capital LLC now owns 18,145 shares of the company's stock worth $468,000 after acquiring an additional 2,673 shares during the period. State Street Corp raised its position in shares of Chain Bridge Bancorp by 2.2% in the fourth quarter. State Street Corp now owns 18,889 shares of the company's stock worth $654,000 after acquiring an additional 400 shares during the period. Finally, Geode Capital Management LLC raised 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 purchasing an additional 31,510 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.