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

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) CEO Edward F. Barry bought 1,204 shares of the stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $27.78 per share, for a total transaction of $33,447.12. Following the acquisition, the chief executive officer now owns 149,893 shares of the company's stock, valued at approximately $4,164,027.54. This represents a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK traded up $0.15 on Wednesday, hitting $31.24. The company's stock had a trading volume of 43,901 shares, compared to its average volume of 45,906. Capital Bancorp, Inc. has a 12-month low of $19.45 and a 12-month high of $34.31. The company has a market capitalization of $520.46 million, a price-to-earnings ratio of 10.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a 50 day moving average of $30.79 and a 200-day moving average of $29.84.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.21. Capital Bancorp had a net margin of 14.43% and a return on equity of 15.04%. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. As a group, research analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, May 12th. Capital Bancorp's dividend payout ratio is presently 16.13%.

Hedge Funds Weigh In On Capital Bancorp

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Capital Bancorp by 48.4% in the first quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider's stock valued at $377,000 after buying an additional 4,336 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in shares of Capital Bancorp by 21.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 125,213 shares of the financial services provider's stock valued at $3,547,000 after buying an additional 21,948 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Capital Bancorp during the first quarter worth approximately $2,816,000. Gator Capital Management LLC increased its position in Capital Bancorp by 155.6% during the first quarter. Gator Capital Management LLC now owns 88,925 shares of the financial services provider's stock worth $2,519,000 after purchasing an additional 54,129 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Capital Bancorp by 75.1% during the first quarter. American Century Companies Inc. now owns 149,662 shares of the financial services provider's stock worth $4,240,000 after purchasing an additional 64,213 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBNK. Hovde Group lowered their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock 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 company a "market perform" rating in a research note on Monday, May 12th.

About Capital Bancorp

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.

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