Capital Bancorp (NASDAQ:CBNK) Reaches New 12-Month High - Should You Buy?

Key Points

• Capital Bancorp shares reached a new 52-week high of $41.45, with the stock up 0.9% and trading above its 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Buy, with a consensus price target of $39.67—below its recent trading level.
• The company exceeded quarterly earnings expectations, reporting $0.87 EPS versus the $0.82 estimate, although revenue of $65.29 million fell short of forecasts. Institutional investors own 56.14% of the stock.

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) shares reached a new 52-week high during trading on Monday. The company traded as high as $41.45 and last traded at $41.3030, with a volume of 242,837 shares trading hands. The stock had previously closed at $41.29.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Brean Capital lowered Capital Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 30th. Stephens downgraded shares of Capital Bancorp from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Capital Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, October 14th. Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $35.00 to $40.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Finally, Raymond James Financial initiated coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a "market perform" rating for the company. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $39.67.

Capital Bancorp Trading Up 0.9%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The stock has a market cap of $678.54 million, a PE ratio of 12.25 and a beta of 0.52. The firm has a 50-day simple moving average of $37.54 and a 200-day simple moving average of $35.05.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. The business had revenue of $65.29 million for the quarter, compared to analysts' expectations of $66.54 million. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%. Equities analysts forecast that Capital Bancorp, Inc. will post 3.47 earnings per share for the current year.

Institutional Trading of Capital Bancorp

A number of hedge funds have recently made changes to their positions in CBNK. Legal & General Group Plc purchased a new position in Capital Bancorp in the second quarter worth about $37,000. Cassilly Financial Group LLC bought a new position in shares of Capital Bancorp during the 3rd quarter valued at about $206,000. GSA Capital Partners LLP purchased a new position in Capital Bancorp during the 2nd quarter valued at approximately $297,000. Susquehanna Fundamental Investments LLC bought a new stake in Capital Bancorp during the second quarter worth approximately $310,000. Finally, Sequoia Financial Advisors LLC bought a new position in Capital Bancorp during the second quarter valued at $324,000. 56.14% of the stock is owned by institutional investors.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.

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