Capital Bancorp (NASDAQ:CBNK) Stock Crosses Above 200-Day Moving Average – What’s Next?

Capital Bancorp, Inc. (NASDAQ:CBNK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.16 and traded as high as $33.74. Capital Bancorp shares last traded at $33.22, with a volume of 75,235 shares traded.

Analysts Set New Price Targets

CBNK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Capital Bancorp Stock Performance

The firm has a 50 day moving average of $31.37 and a two-hundred day moving average of $30.16. The stock has a market cap of $541.15 million, a PE ratio of 10.04 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.05). The business had revenue of $62.77 million for the quarter, compared to analysts’ expectations of $62.41 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. Research analysts predict that Capital Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Capital Bancorp’s payout ratio is 14.50%.

Institutional Investors Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of CBNK. Bank of America Corp DE lifted its stake in Capital Bancorp by 13.0% in the first quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider’s stock valued at $664,000 after buying an additional 2,570 shares during the last quarter. Empowered Funds LLC lifted its stake in Capital Bancorp by 9.8% in the first quarter. Empowered Funds LLC now owns 100,542 shares of the financial services provider’s stock valued at $2,990,000 after buying an additional 8,968 shares during the last quarter. Sei Investments Co. lifted its stake in Capital Bancorp by 104.1% in the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock valued at $4,973,000 after buying an additional 85,293 shares during the last quarter. Militia Capital Management LLC purchased a new stake in Capital Bancorp in the first quarter valued at approximately $1,398,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Capital Bancorp by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 355,466 shares of the financial services provider’s stock valued at $10,571,000 after buying an additional 17,264 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.