Janney Montgomery Scott LLC Buys Shares of 16,385 Capital Bancorp, Inc. (NASDAQ:CBNK)

Janney Montgomery Scott LLC purchased a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,385 shares of the financial services provider's stock, valued at approximately $464,000. Janney Montgomery Scott LLC owned approximately 0.10% of Capital Bancorp at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management grew its position in shares of Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 626 shares during the last quarter. Federated Hermes Inc. grew its position in Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock worth $101,000 after buying an additional 2,331 shares in the last quarter. Wells Fargo & Company MN grew its position in 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 worth $154,000 after buying an additional 1,177 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Capital Bancorp during the fourth quarter worth approximately $219,000. Finally, Corton Capital Inc. acquired a new stake in Capital Bancorp during the fourth quarter worth approximately $247,000. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Trading Down 1.1%

Shares of CBNK stock traded down $0.39 during mid-day trading on Monday, hitting $35.14. The company's stock had a trading volume of 66,970 shares, compared to its average volume of 49,425. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.03. The company's fifty day simple moving average is $32.44 and its 200-day simple moving average is $30.18. The company has a market cap of $585.43 million, a PE ratio of 14.17 and a beta of 0.69. Capital Bancorp, Inc. has a 52 week low of $19.84 and a 52 week high of $35.58.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.21. The business had revenue of $58.60 million during the quarter, compared to the consensus estimate of $57.54 million. Capital Bancorp had a return on equity of 15.04% and a net margin of 14.43%. As a group, equities research analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. Capital Bancorp's dividend payout ratio (DPR) is currently 16.13%.

Analyst Ratings Changes

CBNK has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Hovde Group dropped their price target on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday, March 17th.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, COO Steven M. Poynot bought 750 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the purchase, the chief operating officer directly owned 5,253 shares of the company's stock, valued at approximately $175,187.55. This represents a 16.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.50% of the company's stock.

Capital Bancorp Company 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.