Capital Bancorp (NASDAQ:CBNK) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK - Get Free Report) had its target price boosted by stock analysts at Keefe, Bruyette & Woods from $33.00 to $35.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 5.92% from the stock's previous close.

Separately, Hovde Group decreased 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.

Capital Bancorp Price Performance

CBNK stock traded up $0.57 during midday trading on Monday, hitting $33.05. 33,673 shares of the stock were exchanged, compared to its average volume of 40,080. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The stock's 50-day moving average price is $28.51 and its 200-day moving average price is $28.94. The stock has a market cap of $550.43 million, a price-to-earnings ratio of 15.51 and a beta of 0.70. Capital Bancorp has a fifty-two week low of $19.45 and a fifty-two week high of $34.12.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.21. The company had revenue of $58.60 million during 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%. Research analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Hedge Funds Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBNK. Picton Mahoney Asset Management boosted its stake in shares of Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock worth $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. raised its holdings in Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock valued at $101,000 after buying an additional 2,331 shares in the last quarter. SG Americas Securities LLC bought a new position in Capital Bancorp during the fourth quarter valued at about $109,000. Wells Fargo & Company MN raised its holdings in Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,177 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Capital Bancorp in the fourth quarter worth about $219,000. 56.14% of the stock is owned by 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.

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