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

Chain Bridge Bancorp's (NYSE:CBNA - Get Free Report) 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 research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

CBNA has been the subject of several research analyst reports. Raymond James began 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 began coverage on 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 Price Performance

Shares of NYSE CBNA traded down $0.10 during midday trading on Wednesday, reaching $22.70. The company had a trading volume of 90,680 shares, compared to its average volume of 38,325. Chain Bridge Bancorp has a one year low of $20.10 and a one year high of $24.59.

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

Insider Activity

In other Chain Bridge Bancorp news, CEO John J. Brough acquired 1,252 shares of the company's stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $27,544.00. Following the acquisition, the chief executive officer now owns 1,252 shares in the company, valued at $27,544. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO John J. Brough bought 1,252 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost 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 in the company, valued at approximately $27,544. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yonesy F. Nunez purchased 1,807 shares of Chain Bridge Bancorp stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $22.00 per share, for a total transaction 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. Over the last ninety days, insiders bought 6,943 shares of company stock valued at $152,746.

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.