Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.3333.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th.

Institutional Investors Weigh In On Capital Bancorp

Several institutional investors have recently modified their holdings of the stock. CenterBook Partners LP purchased a new stake in shares of Capital Bancorp in the third quarter worth approximately $1,182,000. Bank of America Corp DE raised its holdings in shares of 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 worth $664,000 after buying an additional 2,570 shares during the period. 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 worth $10,571,000 after buying an additional 17,264 shares during the period. Empowered Funds LLC raised its holdings in shares of Capital Bancorp by 9.8% in the first quarter. Empowered Funds LLC now owns 100,542 shares of the financial services provider’s stock worth $2,990,000 after buying an additional 8,968 shares during the period. Finally, Militia Capital Management LLC purchased a new stake in shares of Capital Bancorp in the first quarter worth approximately $1,398,000. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Price Performance

NASDAQ:CBNK opened at $33.37 on Wednesday. The firm has a market capitalization of $543.60 million, a price-to-earnings ratio of 10.08 and a beta of 0.55. Capital Bancorp has a 1 year low of $26.40 and a 1 year high of $36.40. The business has a 50 day simple moving average of $31.72 and a 200-day simple moving average of $30.37. 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 quarterly earnings data on Monday, April 27th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.05). The company had revenue of $62.77 million during the quarter, compared to the consensus estimate of $62.41 million. Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. Equities analysts forecast that Capital Bancorp will post 3.4 EPS for the current year.

Capital Bancorp Announces Dividend

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

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. 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.