Nuveen LLC Invests $666,000 in Capital Bancorp, Inc. $CBNK

Key Points

• Nuveen LLC invested approximately $666,000 in Capital Bancorp, acquiring 23,491 shares, representing about 0.14% ownership as of the latest SEC filing.
• Capital Bancorp recently declared an increased quarterly dividend of $0.12 per share, up from $0.10, with an annualized yield of 1.4%.
• Analyst ratings for Capital Bancorp have varied, with one analyst downgrading it to a "hold" rating while others raised the price target, resulting in an average rating of "Moderate Buy".

Nuveen LLC purchased a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,491 shares of the financial services provider's stock, valued at approximately $666,000. Nuveen LLC owned approximately 0.14% of Capital Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. increased its stake in Capital Bancorp by 12.7% in the 1st quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider's stock worth $113,000 after buying an additional 449 shares during the period. 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 buying an additional 1,177 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Capital Bancorp during the 4th quarter worth approximately $219,000. Corton Capital Inc. acquired a new position in shares of Capital Bancorp in the 4th quarter valued at $247,000. Finally, First Trust Advisors LP purchased a new position in Capital Bancorp in the 4th quarter valued at $285,000. 56.14% of the stock is owned by institutional investors.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 37,338 shares of Capital Bancorp stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $34.37, for a total transaction of $1,283,307.06. Following the completion of the sale, the director owned 60,000 shares of the company's stock, valued at $2,062,200. This trade represents a 38.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 32.50% of the stock is owned by corporate insiders.

Capital Bancorp Trading Down 0.4%

CBNK traded down $0.14 on Monday, hitting $33.94. The company had a trading volume of 12,258 shares, compared to its average volume of 60,676. Capital Bancorp, Inc. has a 12-month low of $24.10 and a 12-month high of $36.40. The business's fifty day simple moving average is $33.73 and its 200 day simple moving average is $31.36. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market cap of $562.71 million, a PE ratio of 12.70 and a beta of 0.74.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.14% and a return on equity of 15.54%. The business had revenue of $60.75 million for the quarter, compared to analysts' expectations of $61.29 million. Equities research analysts expect that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Monday, August 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. This is a positive change from Capital Bancorp's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 11th. Capital Bancorp's dividend payout ratio (DPR) is currently 17.98%.

Analyst Upgrades and Downgrades

CBNK has been the subject of a number of analyst reports. Hovde Group upped their price target on Capital Bancorp from $35.00 to $39.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen lowered shares of Capital Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, 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 research note on Monday, May 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.00.

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.