Capital Bancorp (NASDAQ:CBNK) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Capital Bancorp shares crossed above its 200‑day moving average (200‑day MA $29.51), trading as high as $31.99 and last at $31.57 on volume of 84,007 — a short‑term technical positive.
• Analysts have trended upward, leaving a consensus of Moderate Buy with an average target of $34.67 after recent upgrades (Keefe Bruyette to $32, Weiss to "buy", Zacks to "hold"); three Buy and two Hold ratings currently.
• Fundamentals look solid: the company reported $0.91 EPS (vs. $0.83 est.) and $62.74M revenue, with ROE 14.56% and a P/E of 9.29; it also pays a $0.12 quarterly dividend (annualized $0.48, ~1.5% yield).

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.51 and traded as high as $31.99. Capital Bancorp shares last traded at $31.57, with a volume of 84,007 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBNK. Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $31.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, February 2nd. Weiss Ratings raised Capital Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 4th. Finally, Zacks Research raised Capital Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

Capital Bancorp Stock Down 0.8%

The stock has a market cap of $514.91 million, a PE ratio of 9.29 and a beta of 0.59. The firm has a fifty day moving average of $30.34 and a 200 day moving average of $29.51. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its earnings results on Monday, January 26th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. Capital Bancorp had a return on equity of 14.56% and a net margin of 18.44%.The firm had revenue of $62.74 million for the quarter, compared to analyst estimates of $60.62 million. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Monday, February 9th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, February 9th. Capital Bancorp's dividend payout ratio is currently 14.12%.

Hedge Funds Weigh In On Capital Bancorp

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Capital Bancorp in the third quarter valued at $29,000. State of Alaska Department of Revenue boosted its stake in Capital Bancorp by 135.1% in the fourth quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 908 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Capital Bancorp in the third quarter valued at $61,000. Daytona Street Capital LLC acquired a new position in Capital Bancorp in the fourth quarter valued at $72,000. Finally, Federated Hermes Inc. boosted its stake in Capital Bancorp by 33.1% in the third quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 1,373 shares in 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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.

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