Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
Analyst Ratings Changes
CBNK has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th.
Check Out Our Latest Research Report on CBNK
Capital Bancorp Stock Performance
The firm has a market capitalization of $540.19 million, a price-to-earnings ratio of 13.08 and a beta of 0.68. The company has a 50-day moving average price of $31.40 and a 200-day moving average price of $29.93. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its earnings results 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. Capital Bancorp had a return on equity of 15.04% and a net margin of 14.43%. The firm had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. As a group, equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.
Capital Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, May 12th. Capital Bancorp's payout ratio is currently 16.13%.
Insider Activity at Capital Bancorp
In other news, COO Steven M. Poynot bought 750 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $33.35 per share, with a total value of $25,012.50. Following the completion of the acquisition, the chief operating officer now directly owns 5,253 shares in the company, valued at approximately $175,187.55. This trade represents a 16.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.59% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Capital Bancorp
Hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management lifted its holdings in shares of Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after buying an additional 626 shares during the period. Federated Hermes Inc. lifted its position in shares of Capital Bancorp by 194.7% during the 4th quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 2,331 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Capital Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,177 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Capital Bancorp during the 4th quarter worth $219,000. Finally, Corton Capital Inc. acquired a new position in shares of Capital Bancorp in the 4th quarter worth $247,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.
About Capital Bancorp
(
Get Free Report)
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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