Pacific Ridge Capital Partners LLC purchased a new position in shares of Capital Bancorp Inc (NASDAQ:CBNK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 143,697 shares of the financial services provider’s stock, valued at approximately $1,828,000. Pacific Ridge Capital Partners LLC owned about 1.09% of Capital Bancorp at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in shares of Capital Bancorp during the 3rd quarter valued at approximately $127,000. Monashee Investment Management LLC purchased a new position in shares of Capital Bancorp during the 3rd quarter valued at approximately $636,000. Banc Funds Co. LLC purchased a new position in shares of Capital Bancorp during the 3rd quarter valued at approximately $1,018,000. Wasatch Advisors Inc. purchased a new position in shares of Capital Bancorp during the 3rd quarter valued at approximately $1,204,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Capital Bancorp during the 3rd quarter valued at approximately $1,908,000. 16.00% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on CBNK. Keefe, Bruyette & Woods began coverage on shares of Capital Bancorp in a report on Sunday, October 21st. They set an “outperform” rating and a $16.00 target price for the company. Sandler O’Neill lowered shares of Capital Bancorp from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a report on Tuesday. Stephens began coverage on shares of Capital Bancorp in a report on Monday, October 22nd. They set an “overweight” rating and a $14.00 target price for the company. Finally, Hovde Group raised shares of Capital Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, November 5th.
NASDAQ:CBNK opened at $13.50 on Friday. Capital Bancorp Inc has a 1-year low of $11.00 and a 1-year high of $14.28.
Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.26 earnings per share for the quarter. The firm had revenue of $18.73 million for the quarter. On average, research analysts expect that Capital Bancorp Inc will post 1 earnings per share for the current fiscal year.
In related news, CEO Edward F. Barry sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of $11.69, for a total value of $35,070.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall James Levitt purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was bought at an average cost of $12.50 per share, with a total value of $187,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 50,800 shares of company stock valued at $593,852. Insiders own 11.60% of the company’s stock.
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About Capital Bancorp
Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.
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