Chain Bridge Bancorp, Inc.’s (NYSE:CBNA) Quiet Period Set To Expire Tomorrow

Chain Bridge Bancorp’s (NYSE:CBNA) quiet period is set to end on Wednesday, November 13th. Chain Bridge Bancorp had issued 1,850,000 shares in its IPO on October 4th. The total size of the offering was $40,700,000 based on an initial share price of $22.00. During Chain Bridge Bancorp’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several equities analysts have commented on CBNA shares. Raymond James assumed coverage on Chain Bridge Bancorp in a report on Tuesday, October 29th. They set a “strong-buy” rating and a $29.00 price target on the stock. Piper Sandler initiated coverage on Chain Bridge Bancorp in a research note on Tuesday, October 29th. They set an “overweight” rating and a $27.00 price objective on the stock.

Chain Bridge Bancorp Stock Performance

NYSE:CBNA opened at $24.68 on Tuesday. Chain Bridge Bancorp has a 1 year low of $20.10 and a 1 year high of $24.89.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.64 EPS for the quarter. The company had revenue of $16.73 million during the quarter. Research analysts expect that Chain Bridge Bancorp will post 4 earnings per share for the current year.

Insider Transactions at Chain Bridge Bancorp

In other Chain Bridge Bancorp news, CEO John J. Brough bought 1,252 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $27,544.00. Following the acquisition, the chief executive officer now directly owns 1,252 shares in the company, valued at approximately $27,544. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Chain Bridge Bancorp news, CEO John J. Brough purchased 1,252 shares of the stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price of $22.00 per share, with a total value of $27,544.00. Following the transaction, the chief executive officer now owns 1,252 shares of the company’s stock, valued at approximately $27,544. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yonesy F. Nunez bought 1,807 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average cost of $22.00 per share, with a total value of $39,754.00. Following the transaction, the director now directly owns 1,807 shares of the company’s stock, valued at $39,754. The disclosure for this purchase can be found here. Insiders have acquired 6,943 shares of company stock worth $152,746 in the last 90 days.

About Chain Bridge Bancorp

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.