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

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 initial 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 Chain Bridge Bancorp’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

Analysts Set New Price Targets

CBNA has been the topic of a number of research analyst reports. Raymond James initiated coverage on shares of Chain Bridge Bancorp in a report on Tuesday, October 29th. They issued a “strong-buy” rating and a $29.00 price target on the stock. Piper Sandler started coverage on shares of Chain Bridge Bancorp in a research report on Tuesday, October 29th. They set an “overweight” rating and a $27.00 target price on the stock.

Chain Bridge Bancorp Trading Down 2.0 %

Shares of CBNA stock opened at $22.61 on Wednesday. Chain Bridge Bancorp has a twelve month low of $20.10 and a twelve month high of $24.59.

Insider Buying and Selling

In other Chain Bridge Bancorp news, insider James R. Pollock purchased 3,131 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $68,882.00. Following the acquisition, the insider now owns 3,131 shares in the company, valued at $68,882. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Yonesy F. Nunez acquired 1,807 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $22.00 per share, with a total value of $39,754.00. Following the completion of the transaction, the director now directly owns 1,807 shares in the company, valued at $39,754. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James R. Pollock bought 3,131 shares of Chain Bridge Bancorp 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 $68,882.00. Following the completion of the acquisition, the insider now directly owns 3,131 shares of the company’s stock, valued at $68,882. The disclosure for this purchase can be found here. Insiders acquired a total of 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.