Squarepoint Ops LLC Increases Stock Position in Capital Bancorp, Inc. $CBNK

Squarepoint Ops LLC boosted its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 80.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,410 shares of the financial services provider’s stock after acquiring an additional 28,358 shares during the quarter. Squarepoint Ops LLC owned 0.38% of Capital Bancorp worth $2,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of Capital Bancorp by 1.2% during the second quarter. Alliancebernstein L.P. now owns 622,483 shares of the financial services provider’s stock valued at $20,903,000 after purchasing an additional 7,510 shares in the last quarter. Geode Capital Management LLC increased its holdings in Capital Bancorp by 16.7% in the 2nd quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock worth $9,495,000 after buying an additional 40,489 shares in the last quarter. Kennedy Capital Management LLC raised its position in Capital Bancorp by 21.5% in the 2nd quarter. Kennedy Capital Management LLC now owns 203,480 shares of the financial services provider’s stock worth $6,833,000 after buying an additional 35,976 shares during the last quarter. American Century Companies Inc. lifted its stake in Capital Bancorp by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 168,797 shares of the financial services provider’s stock valued at $5,668,000 after acquiring an additional 19,135 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in Capital Bancorp by 1.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 159,727 shares of the financial services provider’s stock valued at $5,364,000 after acquiring an additional 2,376 shares during the period. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Trading Down 0.0%

Shares of Capital Bancorp stock opened at $29.64 on Friday. The company’s fifty day simple moving average is $28.47 and its 200-day simple moving average is $31.39. The stock has a market capitalization of $489.65 million, a PE ratio of 10.08 and a beta of 0.68. Capital Bancorp, Inc. has a 1-year low of $24.69 and a 1-year high of $36.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.70 EPS for the quarter. The firm had revenue of $21.01 million during the quarter. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%. As a group, equities analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, November 10th. Capital Bancorp’s payout ratio is presently 16.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBNK. Hovde Group decreased their price objective on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Zacks Research downgraded shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Keefe, Bruyette & Woods lowered their price target on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Stephens dropped their price target on Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a research report on Monday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.33.

Insider Activity

In related news, CFO Dominic C. Canuso sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.95, for a total transaction of $95,030.00. Following the completion of the transaction, the chief financial officer directly owned 1,434 shares in the company, valued at approximately $40,080.30. The trade was a 70.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 31.59% of the company’s stock.

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.