Capital Bancorp (NASDAQ:CBNK) Shares Pass Above 200-Day Moving Average – Should You Sell?

Capital Bancorp, Inc. (NASDAQ:CBNK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.67 and traded as high as $31.15. Capital Bancorp shares last traded at $30.17, with a volume of 69,008 shares traded.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, February 7th.

Capital Bancorp Stock Performance

The firm’s fifty day moving average price is $29.87 and its 200 day moving average price is $27.67. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $499.55 million, a PE ratio of 14.16 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.50% of the stock is owned by insiders.

Institutional Trading of Capital Bancorp

A number of hedge funds have recently modified their holdings of CBNK. Alliancebernstein L.P. grew its stake in shares of Capital Bancorp by 70.4% during the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after acquiring an additional 253,819 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Capital Bancorp by 213.3% during the 4th quarter. Kennedy Capital Management LLC now owns 142,846 shares of the financial services provider’s stock valued at $4,071,000 after purchasing an additional 97,258 shares during the last quarter. Fourthstone LLC lifted its holdings in shares of Capital Bancorp by 138.9% during the fourth quarter. Fourthstone LLC now owns 123,178 shares of the financial services provider’s stock worth $3,511,000 after buying an additional 71,627 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital Bancorp by 14.4% during the fourth quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock worth $15,912,000 after buying an additional 70,420 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of Capital Bancorp during the fourth quarter worth $1,191,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Company 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.