Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.35 and traded as high as $35.70. Capital Bancorp shares last traded at $35.68, with a volume of 59,342 shares.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lifted their target price on Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a research note on Monday, May 12th.
Read Our Latest Analysis on Capital Bancorp
Capital Bancorp Stock Down 0.3%
The business has a 50-day simple moving average of $33.02 and a two-hundred day simple moving average of $30.51. The stock has a market capitalization of $587.03 million, a P/E ratio of 14.23 and a beta of 0.69. 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 quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $57.54 million. Equities 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 declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is presently 16.13%.
Insider Activity
In related news, COO Steven M. Poynot bought 750 shares of the business's stock in a transaction 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 purchase, the chief operating officer owned 5,253 shares of the company's stock, valued at $175,187.55. This represents a 16.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.59% of the stock is owned by company insiders.
Hedge Funds Weigh In On Capital Bancorp
Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new position in Capital Bancorp in the first quarter valued at about $464,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Capital Bancorp by 91.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider's stock worth $585,000 after acquiring an additional 9,798 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Capital Bancorp by 12.9% in the fourth quarter. Northern Trust Corp now owns 89,869 shares of the financial services provider's stock worth $2,561,000 after acquiring an additional 10,245 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Capital Bancorp by 33.8% in the fourth quarter. Bank of America Corp DE now owns 11,365 shares of the financial services provider's stock worth $324,000 after acquiring an additional 2,873 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Capital Bancorp by 27.6% in the fourth quarter. Barclays PLC now owns 15,208 shares of the financial services provider's stock worth $433,000 after acquiring an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.
Capital Bancorp Company Profile
(
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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