Brokerages Set Capital Bancorp, Inc. (NASDAQ:CBNK) Target Price at $35.33

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $35.3333.

CBNK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Capital Bancorp in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Capital Bancorp

Several large investors have recently bought and sold shares of CBNK. Advisory Services Network LLC bought a new stake in shares of Capital Bancorp in the 3rd quarter worth $29,000. State of Alaska Department of Revenue lifted its position in shares of Capital Bancorp by 135.1% during the fourth quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Capital Bancorp during the third quarter valued at about $61,000. Daytona Street Capital LLC bought a new position in shares of Capital Bancorp during the fourth quarter valued at about $72,000. Finally, Franklin Resources Inc. purchased a new position in Capital Bancorp during the second quarter worth about $201,000. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Trading Down 1.9%

NASDAQ:CBNK opened at $35.84 on Friday. 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 has a one year low of $26.40 and a one year high of $37.00. The company has a market cap of $583.83 million, a PE ratio of 10.83 and a beta of 0.54. The firm has a 50-day moving average of $33.27 and a 200-day moving average of $31.33.

Capital Bancorp (NASDAQ:CBNK) last announced 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). Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. The business had revenue of $62.77 million during the quarter, compared to the consensus estimate of $62.41 million. As a group, equities research analysts expect that Capital Bancorp 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, May 11th. Capital Bancorp’s dividend payout ratio 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.