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

Arcus Capital Partners LLC acquired a new position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the 1st quarter, according to the company in its most recent filing 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 0.10% of Capital Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Capital Bancorp by 17.5% during the 4th quarter. Bank of New York Mellon Corp now owns 61,699 shares of the financial services provider's stock valued at $1,758,000 after buying an additional 9,173 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Capital Bancorp by 10.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,845 shares of the financial services provider's stock valued at $794,000 after buying an additional 2,604 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Capital Bancorp by 91.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider's stock valued at $585,000 after buying an additional 9,798 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after buying an additional 626 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Capital Bancorp by 79.1% during the 4th quarter. American Century Companies Inc. now owns 85,449 shares of the financial services provider's stock valued at $2,435,000 after buying an additional 37,746 shares in the last quarter. Institutional investors own 56.14% of the company's stock.

Insider Buying and Selling

In other news, COO Steven M. Poynot acquired 750 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $33.35 per share, with a total value of $25,012.50. Following the completion of the purchase, the chief operating officer directly owned 5,253 shares of the company's stock, valued at $175,187.55. This represents a 16.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CBNK shares. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Keefe, Bruyette & Woods increased their price objective on shares of Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a report on Monday, May 12th.

Capital Bancorp Price Performance

Shares of CBNK stock traded down $0.61 on Friday, reaching $34.75. The company's stock had a trading volume of 39,681 shares, compared to its average volume of 49,663. The stock's fifty day simple moving average is $32.77 and its 200-day simple moving average is $30.35. Capital Bancorp, Inc. has a 1 year low of $21.77 and a 1 year high of $35.71. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $578.94 million, a price-to-earnings ratio of 14.01 and a beta of 0.69.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share 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 firm had revenue of $58.60 million during the quarter, compared to analyst estimates of $57.54 million. Analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is presently 16.13%.

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.