Capital Bancorp (NASDAQ:CBNK - Free Report) had its price target increased by Keefe, Bruyette & Woods from $33.00 to $35.00 in a research note released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.
Separately, Hovde Group cut their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, March 17th.
Get Our Latest Research Report on Capital Bancorp
Capital Bancorp Price Performance
Shares of NASDAQ CBNK traded down $0.28 during mid-day trading on Monday, hitting $32.71. 149,171 shares of the stock traded hands, compared to its average volume of 41,945. 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 twelve month low of $19.45 and a twelve month high of $34.01. The company has a market cap of $544.85 million, a PE ratio of 15.36 and a beta of 0.70. The firm has a 50 day simple moving average of $28.99 and a two-hundred day simple moving average of $29.19.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.21. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. As a group, equities research analysts forecast 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 will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, May 12th. Capital Bancorp's payout ratio is presently 16.13%.
Insiders Place Their Bets
In other Capital Bancorp news, COO Steven M. Poynot acquired 750 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $33.35 per share, with a total value of $25,012.50. Following the purchase, the chief operating officer now directly owns 5,253 shares of the company's stock, valued at $175,187.55. This trade represents a 16.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.59% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CBNK. AQR Capital Management LLC increased its position in Capital Bancorp by 48.4% in the 1st quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider's stock valued at $377,000 after buying an additional 4,336 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its holdings in shares of Capital Bancorp by 21.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 125,213 shares of the financial services provider's stock valued at $3,547,000 after acquiring an additional 21,948 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Capital Bancorp in the first quarter valued at approximately $2,816,000. Gator Capital Management LLC lifted its stake in Capital Bancorp by 155.6% in the first 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. lifted its stake in Capital Bancorp by 75.1% in the first quarter. American Century Companies Inc. now owns 149,662 shares of the financial services provider's stock valued at $4,240,000 after purchasing an additional 64,213 shares during the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.
About Capital Bancorp
(
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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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