Nuveen LLC Invests $666,000 in Capital Bancorp, Inc. $CBNK

Nuveen LLC bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,491 shares of the financial services provider’s stock, valued at approximately $666,000. Nuveen LLC owned about 0.14% of Capital Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in CBNK. Federated Hermes Inc. grew its holdings in shares of Capital Bancorp by 12.7% during the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 449 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,177 shares during the last quarter. Janus Henderson Group PLC bought a new position in Capital Bancorp in the fourth quarter valued at about $219,000. Corton Capital Inc. bought a new position in Capital Bancorp in the fourth quarter valued at about $247,000. Finally, First Trust Advisors LP bought a new position in Capital Bancorp in the fourth quarter valued at about $285,000. Institutional investors own 56.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBNK shares. Wall Street Zen cut Capital Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods raised their price target on Capital Bancorp from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Finally, Hovde Group raised their price target on Capital Bancorp from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Capital Bancorp Trading Up 0.1%

NASDAQ:CBNK opened at $33.93 on Thursday. Capital Bancorp, Inc. has a 1-year low of $24.10 and a 1-year high of $36.40. The business’s 50-day moving average price is $33.69 and its two-hundred day moving average price is $31.34. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $562.56 million, a price-to-earnings ratio of 12.71 and a beta of 0.74.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Monday, July 28th. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.04). Capital Bancorp had a net margin of 15.14% and a return on equity of 15.54%. The company had revenue of $60.75 million during the quarter, compared to analyst estimates of $61.29 million. On average, equities analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Monday, August 11th were given a dividend of $0.12 per share. This is an increase from Capital Bancorp’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 11th. Capital Bancorp’s payout ratio is 17.98%.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 37,338 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $34.37, for a total transaction of $1,283,307.06. Following the sale, the director owned 60,000 shares of the company’s stock, valued at $2,062,200. This trade represents a 38.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.50% of the stock is currently owned by corporate insiders.

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.