9,182 Shares in Capital Bancorp, Inc. (NASDAQ:CBNK) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 9,182 shares of the financial services provider’s stock, valued at approximately $213,000. Quadrature Capital Ltd owned approximately 0.07% of Capital Bancorp as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in Capital Bancorp in the 3rd quarter valued at about $25,000. Lazard Asset Management LLC increased its position in Capital Bancorp by 157.3% in the 2nd quarter. Lazard Asset Management LLC now owns 2,437 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,490 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Capital Bancorp by 87.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,349 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 2,023 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Capital Bancorp in the 3rd quarter valued at about $95,000. Finally, Royal Bank of Canada increased its position in Capital Bancorp by 13.7% in the 3rd quarter. Royal Bank of Canada now owns 6,310 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 759 shares in the last quarter. Institutional investors and hedge funds own 31.82% of the company’s stock.

Wall Street Analyst Weigh In

CBNK has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Capital Bancorp from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Thursday, February 2nd. Piper Sandler raised their price objective on shares of Capital Bancorp to $27.00 in a research report on Wednesday, December 14th.

Capital Bancorp Stock Down 6.3 %

Shares of NASDAQ:CBNK opened at $16.50 on Tuesday. Capital Bancorp, Inc. has a one year low of $15.32 and a one year high of $27.49. The company has a 50 day moving average of $21.54 and a 200-day moving average of $23.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $231.17 million, a price-to-earnings ratio of 5.69 and a beta of 0.51.

Capital Bancorp (NASDAQ:CBNK – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.13). Capital Bancorp had a return on equity of 20.14% and a net margin of 23.23%. The business had revenue of $40.76 million for the quarter, compared to analyst estimates of $44.83 million. On average, sell-side analysts forecast that Capital Bancorp, Inc. will post 2.78 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Monday, February 6th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, February 3rd. Capital Bancorp’s payout ratio is 8.28%.

Capital Bancorp Profile

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Capital Bancorp, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary Capital Bank, NA. It operates through the following segments: Commercial Banking, Capital Bank Home Loans, OpenSky, and Corporate. The Commercial Banking segment provides personalized service to commercial clients throughout the Washington, DC and Baltimore metropolitan areas.