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 is set to end 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. After the expiration of Chain Bridge Bancorp’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler cut 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 research note on Thursday, March 20th. Raymond James reiterated a “strong-buy” rating and issued a $34.00 price objective (up previously from $29.00) on shares of Chain Bridge Bancorp in a research report on Thursday, January 30th.

Chain Bridge Bancorp Stock Up 4.5 %

Shares of NYSE CBNA opened at $24.42 on Friday. Chain Bridge Bancorp has a 1-year low of $20.10 and a 1-year high of $27.56. The business has a 50-day moving average of $23.99.

Chain Bridge Bancorp (NYSE:CBNA) last released its earnings results on Tuesday, February 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. On average, equities research analysts anticipate that Chain Bridge Bancorp will post 2.22 earnings per share for the current year.

Insider Activity

In other news, major shareholder Martin S. Friedman purchased 16,194 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $24.46 per share, for a total transaction of $396,105.24. Following the transaction, the insider now directly owns 328,722 shares of the company’s stock, valued at approximately $8,040,540.12. The trade was a 5.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Chain Bridge Bancorp

Several large investors have recently bought and sold shares of CBNA. Alliancebernstein L.P. acquired a new position in shares of Chain Bridge Bancorp in the 4th quarter valued at $5,408,000. Gator Capital Management LLC acquired a new position in Chain Bridge Bancorp in the fourth quarter valued at about $5,052,000. Endeavour Capital Advisors Inc. bought a new stake in shares of Chain Bridge Bancorp in the fourth quarter worth about $4,504,000. Nuveen Asset Management LLC acquired a new stake in shares of Chain Bridge Bancorp during the fourth quarter worth about $3,702,000. Finally, FJ Capital Management LLC bought a new position in shares of Chain Bridge Bancorp during the 4th quarter valued at about $2,891,000.

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.