Capital Bancorp (NASDAQ:CBNK) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Capital Bancorp's stock rating as "buy (B-)", indicating a positive outlook from analysts.
• Hovde Group raised its price target for Capital Bancorp from $35.00 to $39.00 and rated the stock as "outperform".
• As of the recent trading session, Capital Bancorp shares have traded around $29.41, with a 52-week range of $24.12 to $36.40.

Capital Bancorp (NASDAQ:CBNK - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

CBNK has been the subject of several other research reports. Hovde Group upped their price target on shares of Capital Bancorp from $35.00 to $39.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Capital Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Capital Bancorp currently has an average rating of "Moderate Buy" and an average target price of $37.00.

Capital Bancorp Stock Performance

CBNK traded up $0.43 during midday trading on Tuesday, hitting $29.41. 15,389 shares of the company traded hands, compared to its average volume of 58,895. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $487.62 million, a PE ratio of 11.00 and a beta of 0.69. The company's 50-day moving average is $32.47 and its 200 day moving average is $31.87. Capital Bancorp has a 52 week low of $24.12 and a 52 week high of $36.40.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $21.01 million for the quarter. Capital Bancorp had a net margin of 15.14% and a return on equity of 15.54%. On average, research analysts expect that Capital Bancorp will post 3.17 EPS for the current year.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 37,338 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $34.37, for a total transaction of $1,283,307.06. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at approximately $2,062,200. This represents a 38.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 32.50% of the company's stock.

Institutional Trading of Capital Bancorp

Institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey lifted its position in Capital Bancorp by 46.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider's stock worth $91,000 after buying an additional 852 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Capital Bancorp by 12.7% during the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider's stock valued at $113,000 after buying an additional 449 shares during the period. Franklin Resources Inc. purchased a new position in shares of Capital Bancorp during the second quarter valued at $201,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Capital Bancorp during the second quarter valued at $209,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital Bancorp by 16.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,410 shares of the financial services provider's stock valued at $215,000 after buying an additional 884 shares during the period. 56.14% of the stock is currently owned by institutional investors.

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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