Capital Bancorp (NASDAQ:CBNK) Price Target Cut to $26.00

Capital Bancorp (NASDAQ:CBNK - Free Report) had its price target lowered by Hovde Group from $27.00 to $26.00 in a research note released on Tuesday, Marketbeat reports. Hovde Group currently has an outperform rating on the financial services provider's stock.

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods reissued a market perform rating and issued a $25.00 target price on shares of Capital Bancorp in a research note on Monday, April 1st. Stephens raised shares of Capital Bancorp from an equal weight rating to an overweight rating and lifted their price target for the stock from $25.00 to $28.00 in a research note on Monday, April 1st.

Capital Bancorp Trading Down 1.1 %

NASDAQ:CBNK traded down $0.22 during trading hours on Tuesday, reaching $19.71. 34,080 shares of the company were exchanged, compared to its average volume of 21,598. The stock has a 50 day simple moving average of $20.31 and a 200 day simple moving average of $21.25. Capital Bancorp has a 52-week low of $15.36 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $273.77 million, a price-to-earnings ratio of 7.73 and a beta of 0.42.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. The business had revenue of $52.91 million for the quarter, compared to the consensus estimate of $42.48 million. As a group, analysts predict that Capital Bancorp will post 2.47 EPS for the current year.

Institutional Investors Weigh In On Capital Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Capital Bancorp during the 4th quarter worth $125,000. Ballast Asset Management LP acquired a new position in Capital Bancorp during the 3rd quarter worth $2,397,000. Comerica Bank grew its holdings in Capital Bancorp by 41.3% during the 4th quarter. Comerica Bank now owns 49,356 shares of the financial services provider's stock worth $1,194,000 after acquiring an additional 14,427 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Capital Bancorp by 28.6% during the 4th quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider's stock worth $77,000 after acquiring an additional 708 shares in the last quarter. Finally, AJOVista LLC acquired a new position in Capital Bancorp during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 56.14% of the company's stock.

Capital Bancorp Company 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.