Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,893 shares of the financial services provider's stock after buying an additional 33,009 shares during the period. Geode Capital Management LLC owned approximately 1.45% of Capital Bancorp worth $6,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC increased its position in shares of Capital Bancorp by 0.4% during the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock valued at $2,550,000 after purchasing an additional 369 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of 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 valued at $32,000 after purchasing an additional 626 shares during the period. Rhumbline Advisers lifted its stake in Capital Bancorp by 5.9% in the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock worth $439,000 after acquiring an additional 854 shares during the period. Wealthspire Advisors LLC grew its holdings in Capital Bancorp by 1.5% during the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock worth $2,228,000 after acquiring an additional 1,130 shares in the last quarter. Finally, State Street Corp increased its holdings in Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider's stock valued at $4,516,000 after buying an additional 1,526 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CBNK. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th. Hovde Group reduced their price target on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th.

Insider Buying and Selling

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.50% of the stock is currently owned by company insiders.

Capital Bancorp Stock Up 4.4 %

NASDAQ CBNK traded up $1.32 during trading on Wednesday, hitting $31.59. The company's stock had a trading volume of 61,414 shares, compared to its average volume of 38,785. Capital Bancorp, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $32.88. The company has a market cap of $526.19 million, a PE ratio of 14.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The business's 50 day simple moving average is $28.30 and its 200-day simple moving average is $28.56.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.21. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. The company had revenue of $58.60 million during the quarter, compared to analysts' expectations of $57.54 million. On average, equities analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, May 12th. Capital Bancorp's payout ratio is 18.78%.

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.