Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Average Recommendation of “Hold” from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has been given an average recommendation of “Hold” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.3333.

Several research firms have recently commented on CBNK. Hovde Group decreased their price objective on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Keefe, Bruyette & Woods reduced their price target on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Wednesday. Zacks Research downgraded shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, Stephens dropped their price objective on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th.

Capital Bancorp Price Performance

Shares of CBNK opened at $27.80 on Friday. The firm has a market cap of $459.28 million, a PE ratio of 9.46 and a beta of 0.72. Capital Bancorp has a 52-week low of $24.69 and a 52-week high of $36.40. The business’s 50 day moving average price is $29.10 and its two-hundred day moving average price is $31.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.40%. The company had revenue of $21.01 million for the quarter. On average, equities analysts anticipate that Capital Bancorp will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Capital Bancorp’s payout ratio is presently 16.33%.

Insider Transactions at Capital Bancorp

In related news, CFO Dominic C. Canuso sold 3,400 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 1,434 shares in the company, valued at approximately $40,080.30. This represents a 70.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 31.59% of the company’s stock.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of Capital Bancorp by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 622,483 shares of the financial services provider’s stock worth $20,903,000 after acquiring an additional 7,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Capital Bancorp by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 320,153 shares of the financial services provider’s stock worth $10,213,000 after purchasing an additional 11,546 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Capital Bancorp by 16.7% during the second quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock worth $9,495,000 after purchasing an additional 40,489 shares during the last quarter. Kennedy Capital Management LLC grew its position in Capital Bancorp by 28.6% in the 3rd 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 in the last quarter. Finally, American Century Companies Inc. increased its stake in Capital Bancorp by 12.8% in 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 buying an additional 19,135 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other 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.