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 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 any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analyst Upgrades and Downgrades
CBNA has been the subject of a number of recent research reports. Piper Sandler initiated coverage on shares of Chain Bridge Bancorp in a research report on Tuesday, October 29th. They set an “overweight” rating and a $27.00 price objective for the company. Raymond James initiated coverage on 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.
Read Our Latest Stock Analysis on Chain Bridge Bancorp
Chain Bridge Bancorp Trading Up 1.9 %
Chain Bridge Bancorp (NYSE:CBNA – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.64 earnings per share (EPS) for the quarter. The business had revenue of $16.73 million for the quarter. On average, research analysts anticipate that Chain Bridge Bancorp will post 4 earnings per share for the current year.
Insider Activity at Chain Bridge Bancorp
In other news, CEO John J. Brough bought 1,252 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $27,544.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO John J. Brough acquired 1,252 shares of Chain Bridge Bancorp stock in a transaction dated Thursday, October 3rd. The stock was acquired 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 in the company, valued at $27,544. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James R. Pollock purchased 3,131 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of $22.00 per share, with a total value of $68,882.00. Following the transaction, the insider now directly owns 3,131 shares in the company, valued at $68,882. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,943 shares of company stock worth $152,746 over the last ninety days.
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.
Read More
- Five stocks we like better than Chain Bridge Bancorp
- What is the Dow Jones Industrial Average (DJIA)?
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- What is Insider Trading? What You Can Learn from Insider Trading
- MarketBeat Week in Review – 11/4 – 11/8
- How to Read Stock Charts for Beginners
- Trump’s Return: Which Sectors Will Benefit Most?
Receive News & Ratings for Chain Bridge Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chain Bridge Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.