Salzhauer Michael Has $261,000 Stock Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Salzhauer Michael cut its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 46.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,208 shares of the financial services provider's stock after selling 8,000 shares during the period. Salzhauer Michael owned 0.06% of Capital Bancorp worth $261,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Picton Mahoney Asset Management grew its holdings in Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after buying an additional 626 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of 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 period. Wells Fargo & Company MN grew its stake in shares of 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 worth $154,000 after acquiring an additional 1,177 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Capital Bancorp in the fourth quarter worth $219,000. Finally, Corton Capital Inc. bought a new position in Capital Bancorp during the fourth quarter worth $247,000. Institutional investors and hedge funds own 56.14% of the company's stock.

Capital Bancorp Stock Performance

CBNK stock traded up $0.19 during trading on Friday, reaching $33.55. 475,696 shares of the stock were exchanged, compared to its average volume of 48,481. Capital Bancorp, Inc. has a twelve month low of $19.70 and a twelve month high of $34.31. The company has a market capitalization of $558.94 million, a P/E ratio of 13.53 and a beta of 0.68. The stock has a 50 day simple moving average of $31.64 and a 200-day simple moving average of $29.97. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

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

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is presently 16.13%.

Insider Buying and Selling

In related news, COO Steven M. Poynot acquired 750 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the transaction, the chief operating officer now directly owns 5,253 shares of the company's stock, valued at approximately $175,187.55. This trade represents a 16.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CBNK. Keefe, Bruyette & Woods increased their price target on shares of Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Hovde Group cut their price objective 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.

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.