** Wall Street brokerages start coverage of Chevy Chase, Maryland-based lender Forbright FRBT.O on a bullish note on Monday as IPO research quiet period ends

** The bank raised $142 million by selling 7.9 million shares at the low end of the marketed range of $18 to $20

** Wells Fargo, Barclays, TD Cowen, Piper Sandler, J.P.Morgan among Wall Street brokerages initiating coverage on FRBT

** Piper Sandler says FRBT operates rapidly expanding commercial lending businesses funded with its best-in-class and highly scalable digital deposit gathering platform

** J.P.Morgan says FRBT has built a nationwide middle-market lending platform and has deliberately focused on serving customers across six verticals-healthcare finance, lender finance, fund finance, real estate finance, corporate finance, and asset finance

** Goldman Sachs, J.P. Morgan and Barclays acted as joint lead book-running managers for IPO

** As of last close, FRBT stock up 4.1% since June debut