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

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

Analysts Set New Price Targets

Several equities research analysts have commented on CBNA shares. Raymond James restated a “strong-buy” rating and issued a $34.00 target price (up previously from $29.00) on shares of Chain Bridge Bancorp in a research note on Thursday, January 30th. Piper Sandler reduced their target price on shares of Chain Bridge Bancorp from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, March 20th.

Chain Bridge Bancorp Stock Performance

CBNA opened at $24.42 on Friday. The stock’s 50-day moving average is $23.99. Chain Bridge Bancorp has a 52-week low of $20.10 and a 52-week high of $27.56.

Chain Bridge Bancorp (NYSE:CBNA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. Equities research analysts predict that Chain Bridge Bancorp will post 2.22 EPS for the current year.

Insider Buying and Selling at Chain Bridge Bancorp

In other Chain Bridge Bancorp news, major shareholder Martin S. Friedman acquired 16,194 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $24.46 per share, with a total value of $396,105.24. Following the completion of the transaction, the insider now directly owns 328,722 shares in the company, valued at approximately $8,040,540.12. This represents a 5.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Chain Bridge Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. acquired a new position in shares of Chain Bridge Bancorp in the fourth quarter valued at $5,408,000. Gator Capital Management LLC acquired a new position in Chain Bridge Bancorp in the 4th quarter valued at about $5,052,000. Endeavour Capital Advisors Inc. bought a new position in Chain Bridge Bancorp in the 4th quarter valued at about $4,504,000. Nuveen Asset Management LLC acquired a new stake in Chain Bridge Bancorp during the fourth quarter worth approximately $3,702,000. Finally, FJ Capital Management LLC bought a new stake in shares of Chain Bridge Bancorp during the fourth quarter worth approximately $2,891,000.

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.