Capital Bancorp, Inc. (NASDAQ:CBNK) CEO Purchases $33,447.12 in Stock

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) CEO Edward F. Barry acquired 1,204 shares of Capital Bancorp stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of $27.78 per share, with a total value of $33,447.12. Following the completion of the acquisition, the chief executive officer now directly owns 149,893 shares in the company, valued at $4,164,027.54. This trade represents a 0.81% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Capital Bancorp Price Performance

Shares of Capital Bancorp stock traded up $0.22 during mid-day trading on Friday, reaching $31.46. 93,170 shares of the stock were exchanged, compared to its average volume of 46,234. The company has a market cap of $524.03 million, a price-to-earnings ratio of 12.69 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $29.87. Capital Bancorp, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $34.31.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.21. The business had revenue of $58.60 million during the quarter, compared to analysts' expectations of $57.54 million. Capital Bancorp had a net margin of 14.43% and a return on equity of 15.04%. On average, sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is currently 16.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CBNK shares. Hovde Group reduced their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods raised their price objective on shares of Capital Bancorp from $33.00 to $35.00 and gave the stock a "market perform" rating in a report on Monday, May 12th.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Capital Bancorp by 70.4% during the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider's stock worth $17,512,000 after purchasing an additional 253,819 shares in the last quarter. Vanguard Group Inc. increased its position in Capital Bancorp by 14.4% in the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider's stock valued at $15,912,000 after acquiring an additional 70,420 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Capital Bancorp by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider's stock valued at $7,513,000 after acquiring an additional 16,957 shares in the last quarter. Geode Capital Management LLC increased its position in Capital Bancorp by 15.9% in the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider's stock valued at $6,867,000 after acquiring an additional 33,009 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Capital Bancorp by 75.1% in the 1st quarter. American Century Companies Inc. now owns 149,662 shares of the financial services provider's stock valued at $4,240,000 after acquiring an additional 64,213 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.