Capital Bancorp (NASDAQ:CBNK) Announces Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• Q4 EPS missed: Capital Bancorp reported earnings per share of $0.73 vs. analysts' $0.81 consensus (a $0.08 miss), while revenue came in slightly above estimates at $62.77 million; the company posted a net margin of 18.44% and a return on equity of 14.56%.
• Shares traded up to $31.82 midday despite the miss; the stock has a market cap of $518.98 million, a PE ratio of 9.36, and a 52‑week range of $26.40–$36.40.
• Analysts and institutions show support: the stock has an average rating of Moderate Buy with a $34.67 target after recent upgrades (Zacks, Weiss), and institutional investors own about 56.14% of the shares with several recent inflows.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.08), FiscalAI reports. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.56%. The firm had revenue of $62.77 million during the quarter, compared to analysts' expectations of $62.42 million.

Capital Bancorp Price Performance

Capital Bancorp stock traded up $0.45 during midday trading on Monday, reaching $31.82. The company's stock had a trading volume of 50,907 shares, compared to its average volume of 59,931. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.03. The stock's 50 day simple moving average is $30.30 and its 200 day simple moving average is $29.52. The firm has a market capitalization of $518.98 million, a PE ratio of 9.36 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Capital Bancorp during the 3rd quarter worth $29,000. Aquatic Capital Management LLC acquired a new position in shares of Capital Bancorp during the 3rd quarter worth $61,000. Franklin Resources Inc. acquired a new position in shares of Capital Bancorp during the 2nd quarter worth $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Capital Bancorp by 16.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,410 shares of the financial services provider's stock worth $215,000 after buying an additional 884 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Capital Bancorp by 1,198.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,491 shares of the financial services provider's stock worth $218,000 after buying an additional 5,991 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CBNK shares. Zacks Research upgraded shares of Capital Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $31.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.67.

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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