Capital Bancorp, Inc. $CBNK Stock Position Increased by Gator Capital Management LLC

Key Points

• Gator Capital Management LLC increased its stake in Capital Bancorp, Inc. by 155.6%, acquiring an additional 54,129 shares, bringing its total ownership to 88,925 shares valued at approximately $2.5 million.
• Capital Bancorp's stock has a current ratio of 1.02 and a market cap of $547.14 million, with shares trading at around $33.00, reflecting a 1-year low of $22.77 and a high of $36.40.
• The company recently declared a quarterly dividend of $0.12 per share, an increase from the previous $0.10, with a projected annual yield of 1.5%.

Gator Capital Management LLC increased its stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 155.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,925 shares of the financial services provider's stock after buying an additional 54,129 shares during the period. Gator Capital Management LLC owned about 0.53% of Capital Bancorp worth $2,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. grew its stake in shares of Capital Bancorp by 194.7% in the 4th quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock worth $101,000 after purchasing an additional 2,331 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,177 shares during the last quarter. Janus Henderson Group PLC bought a new position in Capital Bancorp during the fourth quarter worth about $219,000. Corton Capital Inc. acquired a new position in shares of Capital Bancorp in the 4th quarter worth approximately $247,000. Finally, First Trust Advisors LP bought a new position in Capital Bancorp in the 4th quarter valued at $285,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBNK. Keefe, Bruyette & Woods increased their price objective on Capital Bancorp from $33.00 to $35.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Hovde Group upped their target price on Capital Bancorp from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Capital Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.00.

Capital Bancorp Stock Up 0.0%

Shares of NASDAQ CBNK traded up $0.0040 during mid-day trading on Wednesday, reaching $32.4940. The company had a trading volume of 9,632 shares, compared to its average volume of 61,521. The firm has a 50 day simple moving average of $33.23 and a two-hundred day simple moving average of $31.18. The stock has a market cap of $538.75 million, a P/E ratio of 12.19 and a beta of 0.70. Capital Bancorp, Inc. has a 52-week low of $24.10 and a 52-week high of $36.40. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). The firm had revenue of $60.75 million for the quarter, compared to analysts' expectations of $61.29 million. Capital Bancorp had a return on equity of 15.54% and a net margin of 15.14%. Sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Monday, August 11th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from Capital Bancorp's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Capital Bancorp's dividend payout ratio (DPR) is currently 17.98%.

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.