Chain Bridge Bancorp, Inc.'s (NYSE:CBNA) Lock-Up Period To End on April 2nd

Chain Bridge Bancorp's (NYSE:CBNA - Get Free Report) lock-up period will expire on Wednesday, April 2nd. 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBNA. Piper Sandler dropped their price objective on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Raymond James reiterated a "strong-buy" rating and set a $34.00 price target (up previously from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th.

Chain Bridge Bancorp Price Performance

Shares of CBNA stock traded down $0.15 on Friday, hitting $24.29. The stock had a trading volume of 4,847 shares, compared to its average volume of 29,828. Chain Bridge Bancorp has a 12-month low of $20.10 and a 12-month high of $27.56. The company's 50 day moving average is $23.99.

Chain Bridge Bancorp (NYSE:CBNA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.44 by $0.15. As a group, research analysts expect that Chain Bridge Bancorp will post 2.22 earnings per share for the current fiscal year.

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Insider Activity

In related news, major shareholder Martin S. Friedman purchased 1,088 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $24.49 per share, with a total value of $26,645.12. Following the acquisition, the insider now owns 312,528 shares of the company's stock, valued at $7,653,810.72. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Chain Bridge Bancorp

Several hedge funds have recently made changes to their positions in CBNA. Covestor Ltd purchased a new stake in Chain Bridge Bancorp in the 4th quarter worth about $151,000. Bank of America Corp DE purchased a new stake in shares of Chain Bridge Bancorp during the 4th quarter valued at approximately $210,000. Chevy Chase Trust Holdings LLC bought a new position in Chain Bridge Bancorp in the 4th quarter worth approximately $226,000. Geode Capital Management LLC purchased a new position in Chain Bridge Bancorp in the 4th quarter valued at approximately $507,000. Finally, Royce & Associates LP purchased a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $1,692,000.

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.