Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Acquired by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP increased its holdings in Capital Bancorp by 18.9%, acquiring an additional 9,912 shares, bringing its total ownership to approximately 62,241 shares valued at $1,761,000.
• Capital Bancorp reported $0.85 earnings per share, missing analyst expectations of $0.89, alongside revenue of $60.75 million, below the anticipated $61.29 million.
• The company announced a $0.10 quarterly dividend, with an annualized yield of 1.16% and a payout ratio of 16.13%.

De Lisle Partners LLP raised its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 18.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,241 shares of the financial services provider's stock after acquiring an additional 9,912 shares during the quarter. De Lisle Partners LLP owned approximately 0.37% of Capital Bancorp worth $1,761,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CBNK. Charles Schwab Investment Management Inc. lifted its stake in Capital Bancorp by 10.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,845 shares of the financial services provider's stock worth $794,000 after acquiring an additional 2,604 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 worth $2,435,000 after buying an additional 37,746 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Capital Bancorp by 14.4% in the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider's stock valued at $15,912,000 after buying an additional 70,420 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Capital Bancorp by 118.4% in the 4th quarter. JPMorgan Chase & Co. now owns 42,491 shares of the financial services provider's stock valued at $1,211,000 after buying an additional 23,033 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Capital Bancorp by 6.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 66,348 shares of the financial services provider's stock worth $1,891,000 after acquiring an additional 3,949 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company's stock.

Capital Bancorp Stock Performance

CBNK stock traded down $0.57 on Friday, hitting $30.91. The company's stock had a trading volume of 79,446 shares, compared to its average volume of 61,355. The firm has a 50 day moving average of $33.24 and a two-hundred day moving average of $30.94. Capital Bancorp, Inc. has a 1 year low of $22.68 and a 1 year high of $36.40. The stock has a market cap of $514.96 million, a price-to-earnings ratio of 11.58 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.04). Capital Bancorp had a net margin of 15.14% and a return on equity of 16.06%. The business had revenue of $60.75 million during the quarter, compared to analysts' expectations of $61.29 million. Equities analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Monday, August 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.48 annualized dividend and a yield of 1.6%. This is an increase from Capital Bancorp's previous quarterly dividend of $0.10. Capital Bancorp's dividend payout ratio is presently 14.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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, May 12th. Hovde Group lifted their price target on shares of Capital Bancorp from $35.00 to $39.00 and gave the stock an "outperform" rating in a research note on Tuesday.

Insider Transactions at Capital Bancorp

In other news, COO Steven M. Poynot acquired 750 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $33.35 per share, with a total value of $25,012.50. Following the purchase, the chief operating officer owned 5,253 shares of the company's stock, valued at $175,187.55. This represents a 16.66% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.59% of the company's stock.

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.