BNP Paribas Financial Markets Has $201,000 Stock Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

BNP Paribas Financial Markets grew its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 317.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,809 shares of the financial services provider’s stock after purchasing an additional 5,937 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Capital Bancorp worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kendall Capital Management acquired a new position in Capital Bancorp in the second quarter valued at about $1,664,000. Wealthspire Advisors LLC bought a new position in Capital Bancorp during the 2nd quarter worth approximately $1,577,000. Pacific Ridge Capital Partners LLC boosted its stake in Capital Bancorp by 14.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider’s stock worth $4,271,000 after acquiring an additional 26,091 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Capital Bancorp by 32.0% during the second quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock valued at $1,502,000 after purchasing an additional 17,784 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Capital Bancorp in the second quarter valued at approximately $304,000. 56.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Dominic C. Canuso acquired 1,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the acquisition, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at approximately $51,040. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Steven M. Poynot bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the acquisition, the chief operating officer now directly owns 4,503 shares of the company’s stock, valued at $114,196.08. This represents a 79.90 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Capital Bancorp Trading Up 0.4 %

NASDAQ:CBNK opened at $30.79 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50-day simple moving average is $27.36 and its 200-day simple moving average is $24.63. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $31.12. The stock has a market capitalization of $509.82 million, a PE ratio of 13.21 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The company had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. Sell-side analysts expect that Capital Bancorp, Inc. will post 2.37 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp’s payout ratio is presently 17.17%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Capital Bancorp from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Capital Bancorp Profile

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.