Chain Bridge Bancorp (CBNA) Expected to Announce Earnings on Monday

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) is expected to post its quarterly earnings results before the market opens on Monday, July 28th. Analysts expect Chain Bridge Bancorp to post earnings of $0.44 per share and revenue of $11.99 million for the quarter.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.31. The company had revenue of $14.54 million during 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 1.2%

Chain Bridge Bancorp stock traded down $0.32 during trading hours on Thursday, hitting $26.67. The company had a trading volume of 2,434 shares, compared to its average volume of 25,815. The firm's fifty day moving average is $26.25 and its 200-day moving average is $24.77. Chain Bridge Bancorp has a fifty-two week low of $20.01 and a fifty-two week high of $27.97.

Insider Activity at Chain Bridge Bancorp

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman sold 32,158 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $27.01, for a total transaction of $868,587.58. Following the transaction, the insider directly owned 306,078 shares in the company, valued at approximately $8,267,166.78. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.85% of the company's stock.

Hedge Funds Weigh In On Chain Bridge Bancorp

An institutional investor recently bought a new position in Chain Bridge Bancorp stock. Acadian Asset Management LLC bought a new stake in shares of Chain Bridge Bancorp, Inc. (NYSE:CBNA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,580 shares of the company's stock, valued at approximately $131,000. Acadian Asset Management LLC owned about 0.09% of Chain Bridge Bancorp at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered shares of Chain Bridge Bancorp from an "overweight" rating to a "neutral" rating and set a $29.00 price objective on the stock. in a research note on Thursday, May 29th.

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.