Arcus Capital Partners LLC Acquires New Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Arcus Capital Partners LLC acquired a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,967 shares of the financial services provider's stock, valued at approximately $481,000. Arcus Capital Partners LLC owned about 0.10% of Capital Bancorp as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CBNK. Alliancebernstein L.P. boosted its stake in Capital Bancorp by 70.4% during the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider's stock valued at $17,512,000 after purchasing an additional 253,819 shares during the period. Vanguard Group Inc. boosted its stake in Capital Bancorp by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider's stock valued at $15,912,000 after purchasing an additional 70,420 shares during the period. Dimensional Fund Advisors LP boosted its stake in Capital Bancorp by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider's stock valued at $7,513,000 after purchasing an additional 16,957 shares during the period. Geode Capital Management LLC boosted its stake in Capital Bancorp by 15.9% during the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider's stock valued at $6,867,000 after purchasing an additional 33,009 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of Capital Bancorp by 213.3% in the 4th quarter. Kennedy Capital Management LLC now owns 142,846 shares of the financial services provider's stock worth $4,071,000 after acquiring an additional 97,258 shares during the period. Institutional investors own 56.14% of the company's stock.

Insider Transactions at Capital Bancorp

In related news, COO Steven M. Poynot bought 750 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the transaction, the chief operating officer directly owned 5,253 shares in the company, valued at $175,187.55. This represents a 16.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 31.59% of the stock is currently owned by insiders.

Capital Bancorp Trading Up 0.6%

Shares of CBNK stock traded up $0.22 during trading hours on Thursday, reaching $35.48. 1,186 shares of the stock traded hands, compared to its average volume of 49,364. Capital Bancorp, Inc. has a 1-year low of $20.19 and a 1-year high of $35.71. The business has a fifty day moving average price of $32.62 and a 200 day moving average price of $30.25. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $591.10 million, a PE ratio of 14.31 and a beta of 0.69.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released 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. Capital Bancorp had a net margin of 14.43% and a return on equity of 15.04%. The business had revenue of $58.60 million for the quarter, compared to analyst estimates of $57.54 million. On average, equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.40 annualized dividend and a yield of 1.13%. Capital Bancorp's dividend payout ratio is presently 16.13%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBNK shares. Keefe, Bruyette & Woods upped 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, May 12th. Hovde Group dropped their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, March 17th.

Capital Bancorp Profile

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.

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