Short Interest in Capital Bancorp, Inc. (NASDAQ:CBNK) Increases By 48.4%

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 255,300 shares, a growth of 48.4% from the May 15th total of 172,000 shares. Based on an average daily trading volume, of 60,000 shares, the short-interest ratio is presently 4.3 days. Approximately 2.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research analysts have issued reports on CBNK shares. Hovde Group reduced 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 upped 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.

Capital Bancorp Trading Up 0.5%

Shares of CBNK stock traded up $0.15 during mid-day trading on Thursday, hitting $31.24. 43,901 shares of the company's stock were exchanged, compared to its average volume of 45,906. The stock has a market cap of $520.46 million, a price-to-earnings ratio of 12.60 and a beta of 0.68. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Capital Bancorp has a fifty-two week low of $19.45 and a fifty-two week high of $34.31. The stock has a 50-day simple moving average of $30.96 and a two-hundred day simple moving average of $29.86.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly 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 firm had revenue of $58.60 million for the quarter, compared to analyst estimates of $57.54 million. Capital Bancorp had a return on equity of 15.04% and a net margin of 14.43%. Equities analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

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

Insiders Place Their Bets

In related news, COO Steven M. Poynot acquired 750 shares of Capital Bancorp stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $33.35 per share, for a total transaction of $25,012.50. Following the completion of the transaction, the chief operating officer now directly owns 5,253 shares of the company's stock, valued at $175,187.55. The trade was a 16.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 31.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Capital Bancorp by 5.9% during the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock worth $439,000 after purchasing an additional 854 shares during the period. Belvedere Trading LLC acquired a new stake in shares of Capital Bancorp during the 4th quarter worth $399,000. Wealthspire Advisors LLC raised its position in shares of Capital Bancorp by 1.5% in the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock worth $2,228,000 after buying an additional 1,130 shares during the period. Bank of New York Mellon Corp raised its position in shares of Capital Bancorp by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 61,699 shares of the financial services provider's stock worth $1,758,000 after buying an additional 9,173 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Capital Bancorp by 10.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,845 shares of the financial services provider's stock valued at $794,000 after acquiring an additional 2,604 shares during the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

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.