First Trust Advisors LP Makes New $285,000 Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

First Trust Advisors LP bought a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,009 shares of the financial services provider's stock, valued at approximately $285,000. First Trust Advisors LP owned approximately 0.06% of Capital Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management increased its holdings 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 worth $32,000 after purchasing an additional 626 shares in the last quarter. Federated Hermes Inc. increased its holdings in Capital Bancorp by 194.7% during the 4th quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock worth $101,000 after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Capital Bancorp in the 4th quarter valued at about $109,000. Wells Fargo & Company MN lifted its holdings in shares of Capital Bancorp by 27.9% during the 4th 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. Finally, Barclays PLC boosted its stake in shares of Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 8,918 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBNK. Hovde Group dropped their price objective on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Keefe, Bruyette & Woods lifted their price objective on Capital Bancorp from $33.00 to $35.00 and gave the stock a "market perform" rating in a report on Monday.

Capital Bancorp Price Performance

Shares of CBNK stock traded up $0.16 during mid-day trading on Thursday, hitting $32.91. The company had a trading volume of 29,275 shares, compared to its average volume of 52,552. The company has a market capitalization of $548.10 million, a P/E ratio of 15.45 and a beta of 0.70. The stock's 50 day moving average price is $28.78 and its 200-day moving average price is $29.06. Capital Bancorp, Inc. has a 52-week low of $19.45 and a 52-week high of $34.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.21. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. The business had revenue of $58.60 million for the quarter, compared to the consensus estimate of $57.54 million. Equities research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 annualized dividend and a yield of 1.22%. Capital Bancorp's payout ratio is presently 16.13%.

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.