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

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

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in Capital Bancorp during the first quarter valued at $464,000. Northern Trust Corp lifted its position in Capital Bancorp by 12.9% during the fourth quarter. Northern Trust Corp now owns 89,869 shares of the financial services provider's stock valued at $2,561,000 after purchasing an additional 10,245 shares during the period. Bank of America Corp DE raised its position in shares of 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 worth $324,000 after acquiring an additional 2,873 shares during the period. Barclays PLC raised its position in shares of Capital Bancorp by 27.6% in the fourth quarter. Barclays PLC now owns 15,208 shares of the financial services provider's stock worth $433,000 after acquiring an additional 3,290 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Capital Bancorp by 118.4% in the fourth quarter. JPMorgan Chase & Co. now owns 42,491 shares of the financial services provider's stock worth $1,211,000 after acquiring an additional 23,033 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Price Performance

CBNK traded down $0.10 on Wednesday, hitting $31.62. 76,659 shares of the company were exchanged, compared to its average volume of 53,605. The business's fifty day moving average is $33.28 and its 200 day moving average is $30.91. The firm has a market capitalization of $526.79 million, a P/E ratio of 11.84 and a beta of 0.69. Capital Bancorp, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.03.

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

Capital Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Monday, August 11th will be given a $0.12 dividend. The ex-dividend date is Monday, August 11th. This is an increase from Capital Bancorp's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.52%. Capital Bancorp's dividend payout ratio (DPR) is currently 14.98%.

Insiders Place Their Bets

In other Capital Bancorp news, COO Steven M. Poynot acquired 750 shares of the stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $33.35 per share, with a total value 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 trade represents a 16.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CBNK has been the subject of a number of recent research reports. Hovde Group increased their price objective on shares of Capital Bancorp from $35.00 to $39.00 and gave the company an "outperform" rating in a report on Tuesday. Keefe, Bruyette & Woods raised 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 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.