Corton Capital Inc. purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,682 shares of the financial services provider's stock, valued at approximately $247,000. Corton Capital Inc. owned approximately 0.05% of Capital Bancorp as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock worth $306,000 after purchasing an additional 8,918 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider's stock worth $500,000 after buying an additional 7,879 shares in the last quarter. Praetorian Wealth Management Inc. purchased a new stake in shares of Capital Bancorp during the fourth quarter worth approximately $205,000. Wedge Capital Management L L P NC raised its holdings in Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock valued at $2,679,000 after acquiring an additional 22,381 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Capital Bancorp in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 56.14% of the company's stock.
Capital Bancorp Price Performance
CBNK stock opened at $31.81 on Thursday. The business has a 50 day moving average price of $28.40 and a 200 day moving average price of $28.77. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $529.86 million, a price-to-earnings ratio of 14.93 and a beta of 0.70. Capital Bancorp, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $32.88.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.21. The business had revenue of $58.60 million during the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. Equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.
Capital Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.40 annualized dividend and a yield of 1.26%. Capital Bancorp's dividend payout ratio is presently 16.13%.
Insiders Place Their Bets
In related news, Director Randall James Levitt sold 14,500 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares of the company's stock, valued at $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.59% of the company's stock.
Analysts Set New Price Targets
CBNK has been the topic of a number of recent analyst reports. Hovde Group dropped 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. Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Friday, February 7th.
View Our Latest Research Report on CBNK
About Capital Bancorp
(
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.
Further Reading
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