Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,869 shares of the financial services provider's stock after purchasing an additional 10,245 shares during the quarter. Northern Trust Corp owned approximately 0.54% of Capital Bancorp worth $2,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBNK. Picton Mahoney Asset Management lifted its position in 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 acquiring an additional 626 shares during the last quarter. Federated Hermes Inc. lifted its position 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 valued at $101,000 after acquiring an additional 2,331 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Capital Bancorp in the fourth quarter valued at $109,000. Wells Fargo & Company MN lifted its position in Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,177 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Capital Bancorp in the fourth quarter valued at $285,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital Bancorp

In other news, COO Steven M. Poynot purchased 750 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $33.35 per share, for a total transaction of $25,012.50. Following the completion of the purchase, the chief operating officer now directly owns 5,253 shares in the company, valued at $175,187.55. The trade was a 16.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.59% of the company's stock.

Capital Bancorp Stock Performance

Shares of NASDAQ:CBNK traded down $0.20 on Wednesday, reaching $32.53. The company's stock had a trading volume of 30,446 shares, compared to its average volume of 43,297. The stock's 50-day moving average is $29.58 and its two-hundred day moving average is $29.47. Capital Bancorp, Inc. has a 52-week low of $19.45 and a 52-week high of $34.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $541.77 million, a P/E ratio of 15.28 and a beta of 0.70.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.21. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. The business had revenue of $58.60 million during the quarter, compared to analysts' expectations of $57.54 million. As a group, sell-side analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, May 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. Capital Bancorp's dividend payout ratio (DPR) is 16.13%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBNK shares. Hovde Group reduced their price target on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods boosted their price target on shares of Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a research report on Monday, May 12th.

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.