Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Five brokerages covering Capital Bancorp give a consensus rating of Moderate Buy (three buy, two hold) with an average 1‑year price target of $34.67.
• Heavy institutional ownership: Hedge funds and other institutional investors own 56.14% of the stock, with recent new or increased positions from CenterBook Partners, SummerHaven, Militia Capital and others.
• Mixed quarterly results and valuation: the company reported Q1 EPS of $0.73, missing estimates of $0.78 while revenue of $62.77M was roughly in line; shares trade around $31.82 with a P/E of 9.36 and a market cap of about $519M.

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $34.6667.

Several equities analysts recently issued reports on the stock. Weiss Ratings raised shares of Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $31.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, February 2nd. Finally, Zacks Research raised shares of Capital Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, December 29th.

Hedge Funds Weigh In On Capital Bancorp

Several institutional investors have recently bought and sold shares of the business. CenterBook Partners LP purchased a new position in Capital Bancorp in the third quarter worth $1,182,000. SummerHaven Investment Management LLC purchased a new position in Capital Bancorp in the third quarter worth $767,000. Arcus Capital Partners LLC grew its holdings in Capital Bancorp by 7.0% in the third quarter. Arcus Capital Partners LLC now owns 18,267 shares of the financial services provider's stock worth $583,000 after purchasing an additional 1,200 shares during the last quarter. Advisory Services Network LLC purchased a new position in Capital Bancorp in the third quarter worth $29,000. Finally, Militia Capital Partners LP purchased a new position in Capital Bancorp in the fourth quarter worth $1,324,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Stock Up 1.4%

Shares of NASDAQ CBNK opened at $31.82 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market cap of $518.95 million, a P/E ratio of 9.36 and a beta of 0.59. Capital Bancorp has a 1 year low of $26.40 and a 1 year high of $36.40. The firm has a 50-day simple moving average of $30.30 and a two-hundred day simple moving average of $29.53.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.05). The company had revenue of $62.77 million for the quarter, compared to analysts' expectations of $62.42 million. Capital Bancorp had a return on equity of 14.56% and a net margin of 18.44%. Research analysts anticipate that Capital Bancorp will post 3.3 earnings per share for the current year.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.

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