Capital Bancorp (NASDAQ:CBNK) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.65 and traded as high as $34.68. Capital Bancorp shares last traded at $34.62, with a volume of 40,536 shares traded.

Analyst Ratings Changes

CBNK has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of 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 shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Capital Bancorp has a consensus rating of “Moderate Buy” and an average target price of $35.33.

Capital Bancorp Stock Up 0.6%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $563.96 million, a P/E ratio of 10.46 and a beta of 0.55. The company has a 50-day moving average of $32.06 and a two-hundred day moving average of $30.65.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly 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 firm had revenue of $62.77 million during 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%. On average, research analysts predict that Capital Bancorp, Inc. will post 3.4 EPS for the current year.

Capital Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBNK. Arrowstreet Capital Limited Partnership lifted its position in Capital Bancorp by 129.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after acquiring an additional 86,062 shares during the period. Sei Investments Co. boosted its stake in Capital Bancorp by 104.1% during the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after acquiring an additional 85,293 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in Capital Bancorp by 28.6% in the third quarter. Kennedy Capital Management LLC now owns 261,712 shares of the financial services provider’s stock worth $8,349,000 after purchasing an additional 58,232 shares during the period. Marshall Wace LLP purchased a new stake in Capital Bancorp in the second quarter worth about $1,833,000. Finally, Militia Capital Management LLC purchased a new stake in Capital Bancorp in the first quarter worth about $1,398,000. 56.14% of the stock is currently owned by institutional investors.

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.