Capital Bancorp, Inc. (CBNK) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are broadly neutral on Capital Bancorp, with six hold ratings and one buy among seven firms. The average 12-month price target is $39.67, below the stock’s reported $41.19 price.
• Institutional investors own 56.14% of the company, while several hedge funds and investment managers recently initiated or increased positions.
• Capital Bancorp’s latest quarterly results exceeded expectations on earnings, reporting $0.87 EPS versus the $0.82 consensus estimate, though revenue of $65.29 million fell short of the $66.54 million forecast.

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.67.

A number of analysts have commented on the stock. Weiss Ratings raised shares of Capital Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, October 14th. Hovde Group downgraded Capital Bancorp from a "strong-buy" rating to a "hold" rating and set a $42.00 price target for the company. in a report on Thursday, October 1st. Brean Capital lowered Capital Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 30th. Keefe, Bruyette & Woods boosted their price objective on Capital Bancorp from $35.00 to $40.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Finally, Raymond James Financial started coverage on Capital Bancorp in a research report on Thursday, September 3rd. They set a "market perform" rating on the stock.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently added to or reduced their stakes in CBNK. Squarepoint Ops LLC boosted its holdings in shares of Capital Bancorp by 31.9% during the 2nd quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider's stock worth $4,845,000 after buying an additional 33,402 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Capital Bancorp during the 1st quarter worth approximately $1,398,000. Bank of New York Mellon Corp acquired a new stake in shares of Capital Bancorp during the 2nd quarter worth approximately $1,762,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Capital Bancorp in the 2nd quarter valued at $2,263,000. Finally, De Lisle Partners LLP bought a new stake in shares of Capital Bancorp in the 2nd quarter valued at $2,667,000. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Stock Up 2.1%

Capital Bancorp stock opened at $41.19 on Friday. The firm has a market cap of $670.99 million, a price-to-earnings ratio of 12.11 and a beta of 0.52. Capital Bancorp has a 52-week low of $26.40 and a 52-week high of $41.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $37.47 and a two-hundred day moving average price of $34.97.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. The company had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million. Equities analysts predict that Capital Bancorp will post 3.47 EPS for the current year.

Capital Bancorp Company Profile

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.

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