Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Update

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 172,000 shares, an increase of 43.1% from the April 30th total of 120,200 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 59,200 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

CBNK has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 17th.

Insider Buying and Selling

In related news, COO Steven M. Poynot bought 750 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price 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 approximately $175,187.55. This represents a 16.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 31.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in CBNK. AQR Capital Management LLC boosted its holdings in 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 acquiring an additional 4,336 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its position in shares of Capital Bancorp by 21.3% in the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 125,213 shares of the financial services provider's stock worth $3,547,000 after purchasing an additional 21,948 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Capital Bancorp in the 1st quarter valued at $2,816,000. Gator Capital Management LLC boosted its stake in shares of Capital Bancorp by 155.6% in the 1st quarter. Gator Capital Management LLC now owns 88,925 shares of the financial services provider's stock valued at $2,519,000 after purchasing an additional 54,129 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of 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 buying an additional 64,213 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Trading Down 0.4%

NASDAQ CBNK traded down $0.14 during trading hours on Tuesday, reaching $31.73. The company's stock had a trading volume of 63,317 shares, compared to its average volume of 44,130. The firm has a fifty day simple moving average of $29.85 and a 200-day simple moving average of $29.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. Capital Bancorp has a 52 week low of $19.45 and a 52 week high of $34.31. The stock has a market cap of $528.53 million, a P/E ratio of 14.90 and a beta of 0.70.

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. The firm had revenue of $58.60 million during the quarter, compared to analysts' expectations of $57.54 million. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. Equities analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a $0.10 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. Capital Bancorp's payout ratio is 16.13%.

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.