Capital Bancorp's (CBNK) "Equal Weight" Rating Reaffirmed at Stephens

Key Points

• Stephens reaffirmed its “Equal Weight” rating on Capital Bancorp, while the broader analyst consensus remains “Hold,” with six Hold ratings and one Buy rating and an average price target of $39.67.
• CBNK shares slipped 0.1% to $39.41, near their 52-week high of $40.70. The stock’s 50-day and 200-day moving averages were $37.22 and $34.62, respectively.
• Capital Bancorp reported quarterly earnings of $0.87 per share, beating the $0.82 consensus estimate, although revenue of $65.29 million fell short of the $66.54 million forecast; institutional investors and hedge funds own 56.14% of the stock.

Capital Bancorp (NASDAQ:CBNK - Get Free Report)'s stock had its "equal weight" rating reissued by Stephens in a research note issued to investors on Friday, Benzinga reports.

Several other research firms have also recently weighed in on CBNK. Raymond James Financial initiated coverage on Capital Bancorp in a research note on Thursday, September 3rd. They set a "market perform" rating on the stock. Weiss Ratings upgraded shares of Capital Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday. Hovde Group cut shares of Capital Bancorp from a "strong-buy" rating to a "hold" rating and set a $42.00 price target for the company. in a report on Thursday, October 1st. Brean Capital downgraded shares of Capital Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 30th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Capital Bancorp from $35.00 to $40.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.67.

Capital Bancorp Stock Down 0.1%

Shares of CBNK traded down $0.02 during mid-day trading on Friday, reaching $39.41. The company's stock had a trading volume of 70,972 shares, compared to its average volume of 73,082. The business has a fifty day moving average of $37.22 and a 200 day moving average of $34.62. The company has a market cap of $641.97 million, a price-to-earnings ratio of 11.59 and a beta of 0.52. Capital Bancorp has a 1 year low of $26.40 and a 1 year high of $40.70. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. The business had revenue of $65.29 million for the quarter, compared to the consensus estimate of $66.54 million. As a group, analysts forecast that Capital Bancorp will post 3.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital Bancorp

Several hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Capital Bancorp by 31.9% in the second quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider's stock worth $4,845,000 after buying an additional 33,402 shares during the last quarter. Militia Capital Management LLC bought a new stake in shares of Capital Bancorp during the 1st quarter worth about $1,398,000. Bank of New York Mellon Corp acquired a new position in shares of Capital Bancorp during the 2nd quarter valued at about $1,762,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capital Bancorp during the 2nd quarter valued at about $2,263,000. Finally, De Lisle Partners LLP bought a new position in shares of Capital Bancorp in the 2nd quarter valued at approximately $2,667,000. 56.14% of the stock is owned by institutional investors and hedge funds.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking and financial services to businesses, nonprofit organizations, professional practices and individuals.

Capital Bank offers a range of deposit products, commercial and residential real estate lending, business loans, lines of credit, equipment financing, treasury management and other cash-management services. The company also provides mortgage banking services, including residential mortgage origination, and serves small businesses through lending and related financial solutions.

Capital Bancorp primarily serves customers in the Washington, DC, metropolitan area, including Maryland, Virginia and the District of Columbia.

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