Dimensional Fund Advisors LP Boosts Stake in Capital Bancorp, Inc. (NASDAQ:CBNK)

Dimensional Fund Advisors LP lifted its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 263,623 shares of the financial services provider's stock after buying an additional 16,957 shares during the period. Dimensional Fund Advisors LP owned approximately 1.59% of Capital Bancorp worth $7,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its holdings in Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock worth $32,000 after purchasing an additional 626 shares during the period. Federated Hermes Inc. raised its holdings in Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC bought a new stake in Capital Bancorp during the fourth quarter valued at about $109,000. Wells Fargo & Company MN raised its holdings in Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,177 shares during the period. Finally, First Trust Advisors LP bought a new stake in Capital Bancorp during the fourth quarter valued at about $285,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Capital Bancorp Trading Up 0.3%

Shares of NASDAQ:CBNK traded up $0.10 during trading hours on Friday, hitting $33.09. 20,574 shares of the company's stock traded hands, compared to its average volume of 41,249. Capital Bancorp, Inc. has a 1 year low of $19.45 and a 1 year high of $34.01. The business has a fifty day moving average price of $28.89 and a 200-day moving average price of $29.11. The firm has a market capitalization of $551.18 million, a P/E ratio of 15.54 and a beta of 0.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.21. The firm had revenue of $58.60 million during the quarter, compared to analyst estimates of $57.54 million. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. Equities analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be issued a $0.10 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.21%. Capital Bancorp's payout ratio is 16.13%.

Analyst Upgrades and Downgrades

CBNK has been the subject of several research reports. Hovde Group lowered their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $33.00 to $35.00 and gave the stock a "market perform" rating in a research note on Monday.

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.