Capital Bancorp, Inc. (NASDAQ:CBNK) Director Mary Ann Scully Acquires 5,500 Shares of Stock

Capital Bancorp, Inc. (NASDAQ:CBNKGet Free Report) Director Mary Ann Scully acquired 5,500 shares of Capital Bancorp stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average cost of $19.68 per share, for a total transaction of $108,240.00. Following the purchase, the director now directly owns 11,000 shares in the company, valued at $216,480. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Capital Bancorp Stock Performance

Shares of CBNK opened at $19.10 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.01. Capital Bancorp, Inc. has a twelve month low of $15.32 and a twelve month high of $25.90. The firm’s 50 day moving average price is $19.51 and its two-hundred day moving average price is $18.14. The firm has a market cap of $266.27 million, a P/E ratio of 7.37 and a beta of 0.51.

Capital Bancorp (NASDAQ:CBNKGet Free Report) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). Capital Bancorp had a net margin of 19.19% and a return on equity of 16.33%. The company had revenue of $42.03 million during the quarter, compared to the consensus estimate of $42.43 million. On average, analysts forecast that Capital Bancorp, Inc. will post 2.3 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Monday, August 7th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 4th. This is an increase from Capital Bancorp’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.68%. Capital Bancorp’s dividend payout ratio (DPR) is 12.36%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of Capital Bancorp from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st.

Get Our Latest Stock Report on Capital Bancorp

Institutional Trading of Capital Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Capital Bancorp by 4.9% in the second quarter. BlackRock Inc. now owns 522,536 shares of the financial services provider’s stock valued at $9,458,000 after purchasing an additional 24,432 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Capital Bancorp by 1.3% in the first quarter. Vanguard Group Inc. now owns 410,135 shares of the financial services provider’s stock valued at $9,376,000 after purchasing an additional 5,230 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Capital Bancorp by 5.2% during the second quarter. Alliancebernstein L.P. now owns 336,902 shares of the financial services provider’s stock worth $6,098,000 after buying an additional 16,780 shares during the last quarter. Geode Capital Management LLC increased its holdings in Capital Bancorp by 4.5% during the second quarter. Geode Capital Management LLC now owns 180,226 shares of the financial services provider’s stock worth $3,262,000 after buying an additional 7,786 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Capital Bancorp by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 175,065 shares of the financial services provider’s stock worth $3,169,000 after buying an additional 8,514 shares during the last quarter. 28.72% of the stock is currently owned by institutional investors and hedge funds.

About Capital Bancorp

(Get Free Report)

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 the United States. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.

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