56,017 Shares in Capital Bancorp, Inc. $CBNK Bought by Man Group plc

Key Points

• Man Group plc acquired 56,017 Capital Bancorp shares worth approximately $1.97 million, while institutional investors collectively own 56.14% of the company.
• Analysts maintain a generally positive view, with three Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $37.33.
• Capital Bancorp reported quarterly EPS of $0.87, exceeding estimates of $0.82, and increased its quarterly dividend from $0.12 to $0.14 per share.

Man Group plc bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 56,017 shares of the financial services provider's stock, valued at approximately $1,967,000. Man Group plc owned about 0.34% of Capital Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Capital Bancorp during the third quarter valued at approximately $29,000. Legal & General Group Plc acquired a new stake in Capital Bancorp during the 2nd quarter worth $37,000. Aquatic Capital Management LLC bought a new position in Capital Bancorp during the third quarter worth about $61,000. Franklin Resources Inc. acquired a new position in Capital Bancorp in the second quarter valued at about $201,000. Finally, HRT Financial LP bought a new stake in shares of Capital Bancorp in the fourth quarter worth about $205,000. 56.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CBNK. Weiss Ratings reiterated a "buy (b)" rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.33.

Capital Bancorp Trading Down 0.5%

NASDAQ:CBNK opened at $35.95 on Wednesday. The company has a market cap of $585.63 million, a P/E ratio of 10.57 and a beta of 0.51. Capital Bancorp, Inc. has a twelve month low of $26.40 and a twelve month high of $38.83. The business has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $32.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 earnings per share (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 the consensus estimate of $66.54 million. As a group, analysts expect that Capital Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

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

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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