Chain Bridge Bancorp, Inc.’s (NYSE:CBNA) Quiet Period Will End on November 13th

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

Analysts Set New Price Targets

CBNA has been the subject of a number of recent research reports. Raymond James assumed coverage on Chain Bridge Bancorp in a research note on Tuesday, October 29th. They set a “strong-buy” rating and a $29.00 price target for the company. Piper Sandler assumed coverage on shares of Chain Bridge Bancorp in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 target price for the company.

Chain Bridge Bancorp Trading Up 1.9 %

NYSE CBNA opened at $23.53 on Friday. Chain Bridge Bancorp has a fifty-two week low of $20.10 and a fifty-two week high of $24.59.

Chain Bridge Bancorp (NYSE:CBNA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.64 earnings per share 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 Activity

In other news, CEO John J. Brough bought 1,252 shares of the business’s stock in a transaction on 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 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 accessible through the SEC website. In other Chain Bridge Bancorp news, CEO John J. Brough bought 1,252 shares of the stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $22.00 per share, with a total value of $27,544.00. Following the acquisition, the chief executive officer now directly owns 1,252 shares of the company’s stock, valued at $27,544. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James R. Pollock purchased 3,131 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $22.00 per share, with a total value of $68,882.00. Following the completion of the acquisition, the insider now owns 3,131 shares of the company’s stock, valued at approximately $68,882. The disclosure for this purchase can be found here. Insiders have bought a total of 6,943 shares of company stock valued at $152,746 over 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.