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

Chain Bridge Bancorp’s (NYSE:CBNA) quiet period will expire 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 the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CBNA shares. Piper Sandler began coverage on Chain Bridge Bancorp in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $27.00 price target for the company. Raymond James began coverage on shares of Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued a “strong-buy” rating and a $29.00 target price for the company.

Chain Bridge Bancorp Stock Down 0.3 %

CBNA opened at $24.70 on Wednesday. Chain Bridge Bancorp has a 12-month low of $20.10 and a 12-month high of $25.00.

Chain Bridge Bancorp (NYSE:CBNA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.64 earnings per share for the quarter. The business had revenue of $16.73 million for the quarter. As a group, equities research analysts predict that Chain Bridge Bancorp will post 4 EPS for the current year.

Insider Transactions at Chain Bridge Bancorp

In related news, Director Yonesy F. Nunez acquired 1,807 shares of the 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 completion of the transaction, the director now owns 1,807 shares of the company’s stock, valued at approximately $39,754. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO John J. Brough purchased 1,252 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was bought at an average cost of $22.00 per share, with a total value of $27,544.00. Following the purchase, the chief executive officer now directly owns 1,252 shares of the company’s stock, valued at approximately $27,544. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Yonesy F. Nunez purchased 1,807 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average price of $22.00 per share, with a total value of $39,754.00. Following the completion of the acquisition, the director now owns 1,807 shares in the company, valued at $39,754. The disclosure for this purchase can be found here. Insiders purchased 6,943 shares of company stock valued at $152,746 over the last three months.

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.