Capital Bancorp (NASDAQ:CBNK) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.89 and traded as high as $32.37. Capital Bancorp shares last traded at $32.37, with a volume of 55,144 shares trading hands.

Analysts Set New Price Targets

CBNK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $33.00 to $35.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Hovde Group decreased their price objective on shares of 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 Stock Up 0.6%

The firm has a market capitalization of $558.94 million, a price-to-earnings ratio of 13.53 and a beta of 0.68. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company's 50 day moving average price is $31.52 and its 200 day moving average price is $29.96.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.21. The company had revenue of $58.60 million during the quarter, compared to analyst estimates of $57.54 million. Capital Bancorp had a return on equity of 15.04% and a net margin of 14.43%. As a group, research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is 16.13%.

Insider Activity at Capital Bancorp

In related news, COO Steven M. Poynot bought 750 shares of the stock in a transaction dated 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 purchase, the chief operating officer now directly owns 5,253 shares of the company's stock, valued at $175,187.55. This represents a 16.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in CBNK. Alliancebernstein L.P. raised its position in shares of Capital Bancorp by 70.4% in the fourth quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider's stock valued at $17,512,000 after buying an additional 253,819 shares during the last quarter. Vanguard Group Inc. lifted its position in Capital Bancorp by 14.4% in the fourth quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider's stock valued at $15,912,000 after buying an additional 70,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Capital Bancorp by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider's stock valued at $7,513,000 after buying an additional 16,957 shares during the last quarter. Geode Capital Management LLC boosted its stake in Capital Bancorp by 15.9% during the fourth quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider's stock worth $6,867,000 after buying an additional 33,009 shares during the period. 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 valued at $4,240,000 after acquiring an additional 64,213 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

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.