Seizert Capital Partners LLC Buys Shares of 64,941 Capital Bancorp, Inc. (NASDAQ:CBNK)

Seizert Capital Partners LLC bought a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,941 shares of the financial services provider's stock, valued at approximately $1,840,000. Seizert Capital Partners LLC owned about 0.39% of Capital Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBNK. Federated Hermes Inc. lifted its stake in shares of Capital Bancorp by 12.7% in the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider's stock worth $113,000 after acquiring an additional 449 shares in the last quarter. Wells Fargo & Company MN lifted 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Capital Bancorp by 19.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 10,749 shares of the financial services provider's stock valued at $306,000 after buying an additional 1,754 shares during the last quarter. Bank of America Corp DE increased its holdings in Capital Bancorp by 33.8% in the fourth quarter. Bank of America Corp DE now owns 11,365 shares of the financial services provider's stock valued at $324,000 after buying an additional 2,873 shares during the last quarter. Finally, Barclays PLC increased its holdings in Capital Bancorp by 27.6% in the fourth quarter. Barclays PLC now owns 15,208 shares of the financial services provider's stock valued at $433,000 after buying an additional 3,290 shares during the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Insiders Place Their Bets

In other news, COO Steven M. Poynot bought 750 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of $33.35 per share, for a total transaction of $25,012.50. Following the completion of the transaction, the chief operating officer directly owned 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

CBNK has been the subject of several research analyst reports. Hovde Group boosted their price objective on Capital Bancorp from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Tuesday. Wall Street Zen lowered Capital Bancorp from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Keefe, Bruyette & Woods upped their target price 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 Stock Performance

Shares of NASDAQ:CBNK traded down $0.57 during trading on Friday, hitting $30.91. 79,446 shares of the company traded hands, compared to its average volume of 56,543. Capital Bancorp, Inc. has a one year low of $22.68 and a one year high of $36.40. The stock has a market capitalization of $514.87 million, a price-to-earnings ratio of 11.58 and a beta of 0.69. The business's fifty day moving average is $33.21 and its 200-day moving average is $30.97. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). The business had revenue of $60.75 million during the quarter, compared to the consensus estimate of $61.29 million. Capital Bancorp had a return on equity of 16.06% and a net margin of 15.14%. As a group, equities analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.6%. 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 payout ratio is currently 17.98%.

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.