Capital Bancorp, Inc. (NASDAQ:CBNK) Stock Has Consensus Target Price of $37.33 According to Analysts

Key Points

• Capital Bancorp has a “Moderate Buy” consensus from six analysts, split between three buy and three hold ratings. The average 12-month price target is $37.33, slightly above the stock’s reported $36.05 opening price.
• Institutional investors own 56.14% of the company, with several funds recently increasing their positions or initiating new stakes.
• Capital Bancorp exceeded quarterly earnings expectations, reporting $0.87 in EPS versus $0.82 expected. The company also raised its quarterly dividend to $0.14 per share, equivalent to a 1.6% annualized yield.

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.33.

Several research analysts have recently commented on CBNK shares. Weiss Ratings reissued a "buy (b)" rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Raymond James Financial assumed coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBNK. Gator Capital Management LLC grew its stake in shares of Capital Bancorp by 0.7% during the 4th quarter. Gator Capital Management LLC now owns 90,170 shares of the financial services provider's stock worth $2,540,000 after purchasing an additional 655 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of Capital Bancorp by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider's stock valued at $7,394,000 after purchasing an additional 750 shares during the period. Legal & General Group Plc purchased a new stake in Capital Bancorp during the second quarter worth $37,000. Bank of America Corp DE boosted its holdings in Capital Bancorp by 13.0% during the first quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider's stock worth $664,000 after buying an additional 2,570 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Capital Bancorp during the second quarter valued at $297,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Capital Bancorp Stock Performance

Shares of Capital Bancorp stock opened at $36.05 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average price is $36.67 and its 200-day moving average price is $33.65. The firm has a market cap of $587.25 million, a P/E ratio of 10.60 and a beta of 0.51. Capital Bancorp has a 12 month low of $26.40 and a 12 month high of $38.83.

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

Capital Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 10th. This is a boost from Capital Bancorp's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.6%. Capital Bancorp's payout ratio is currently 16.47%.

About Capital Bancorp

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

Capital Bank offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small business financing, treasury management, mortgage lending, and other banking services.

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