De Lisle Partners LLP Takes Position in Capital Bancorp, Inc. $CBNK

Key Points

• De Lisle Partners LLP purchased 75,893 shares of Capital Bancorp worth approximately $2.67 million, representing about 0.47% of the company. Institutional investors collectively own 56.14% of CBNK, with BlackRock also taking a new stake during the second quarter.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $37.33; Keefe, Bruyette & Woods raised its target to $40 while retaining a market-perform rating.
• Capital Bancorp exceeded quarterly EPS expectations, reporting $0.87 versus the $0.82 consensus, and increased its quarterly dividend from $0.12 to $0.14 per share, equivalent to a 1.5% annualized yield.

De Lisle Partners LLP purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,893 shares of the financial services provider's stock, valued at approximately $2,667,000. De Lisle Partners LLP owned about 0.47% of Capital Bancorp at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Capital Bancorp during the 2nd quarter valued at about $27,625,000. Alliancebernstein L.P. grew its stake in Capital Bancorp by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 622,483 shares of the financial services provider's stock worth $20,903,000 after acquiring an additional 7,510 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Capital Bancorp by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 355,466 shares of the financial services provider's stock worth $10,571,000 after acquiring an additional 17,264 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Capital Bancorp by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 340,712 shares of the financial services provider's stock worth $9,600,000 after acquiring an additional 5,016 shares during the period. Finally, Kennedy Capital Management LLC increased its position in shares of Capital Bancorp by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider's stock worth $7,394,000 after acquiring an additional 750 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Capital Bancorp Stock Down 0.4%

NASDAQ:CBNK opened at $36.53 on Friday. Capital Bancorp, Inc. has a 1-year low of $26.40 and a 1-year high of $38.83. The company has a 50-day moving average of $35.91 and a 200 day moving average of $32.70. The firm has a market cap of $595.07 million, a PE ratio of 10.74 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $65.29 million for the quarter, compared to analysts' expectations of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. As a group, research analysts anticipate that Capital Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.14 per share. This is a boost from Capital Bancorp's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 10th. Capital Bancorp's payout ratio is 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.

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