Capital Bancorp, Inc. (NASDAQ:CBNK) Holdings Trimmed by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC sold 7,733 shares of Capital Bancorp, reducing its stake by 23.3%, leaving it with approximately 0.15% ownership valued at $722,000.
• Capital Bancorp recently declared a quarterly dividend of $0.12, an increase from the previous $0.10, with a dividend yield of 1.5%.
• Analysts have mixed ratings on Capital Bancorp, with Hovde Group raising its target price to $39.00 while Wall Street Zen downgraded its rating from "buy" to "hold".

Informed Momentum Co LLC lowered its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 23.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,481 shares of the financial services provider's stock after selling 7,733 shares during the period. Informed Momentum Co LLC owned about 0.15% of Capital Bancorp worth $722,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Capital Bancorp by 194.7% in the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock worth $101,000 after acquiring an additional 2,331 shares during the last quarter. Wells Fargo & Company MN raised its holdings 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 stake in shares of Capital Bancorp during the fourth quarter valued at approximately $219,000. Corton Capital Inc. bought a new stake in shares of Capital Bancorp during the fourth quarter valued at approximately $247,000. Finally, First Trust Advisors LP bought a new stake in shares of Capital Bancorp during the fourth quarter valued at approximately $285,000. Institutional investors own 56.14% of the company's stock.

Capital Bancorp Price Performance

NASDAQ:CBNK traded down $0.32 during midday trading on Friday, hitting $32.68. 194,468 shares of the stock were exchanged, compared to its average volume of 61,585. Capital Bancorp, Inc. has a one year low of $24.03 and a one year high of $36.40. The company has a market capitalization of $541.83 million, a price-to-earnings ratio of 12.24 and a beta of 0.70. The business has a 50-day moving average price of $33.22 and a two-hundred day moving average price of $31.16. 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 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 return on equity of 15.54% and a net margin of 15.14%. The firm had revenue of $60.75 million for the quarter, compared to the consensus estimate of $61.29 million. Sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBNK. Hovde Group lifted their price target on Capital Bancorp from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen cut Capital Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on 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 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.