Janney Montgomery Scott LLC Sells 620 Shares of Capital Bancorp, Inc. $CBNK

Janney Montgomery Scott LLC lessened its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,765 shares of the financial services provider’s stock after selling 620 shares during the period. Janney Montgomery Scott LLC owned about 0.09% of Capital Bancorp worth $529,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. raised its stake 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 valued at $113,000 after acquiring an additional 449 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Capital Bancorp by 5.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,664 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 1,127 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Capital Bancorp by 48.4% during the first quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 4,336 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Capital Bancorp by 6.7% during the 1st quarter. Russell Investments Group Ltd. now owns 114,276 shares of the financial services provider’s stock valued at $3,237,000 after purchasing an additional 7,157 shares during the period. Finally, De Lisle Partners LLP grew its position in shares of Capital Bancorp by 18.9% in the 1st quarter. De Lisle Partners LLP now owns 62,241 shares of the financial services provider’s stock worth $1,761,000 after buying an additional 9,912 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Randall James Levitt sold 37,338 shares of Capital Bancorp stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $34.37, for a total transaction of $1,283,307.06. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CBNK shares. Wall Street Zen downgraded Capital Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Capital Bancorp in a report on Tuesday. Finally, Hovde Group raised their target price on shares of Capital Bancorp from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Capital Bancorp Trading Down 3.1%

CBNK opened at $28.60 on Friday. The stock has a market cap of $474.19 million, a PE ratio of 10.71 and a beta of 0.69. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $32.35 and a 200-day moving average of $31.84. Capital Bancorp, Inc. has a 52 week low of $24.12 and a 52 week high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share for the quarter. The firm had revenue of $21.01 million for the quarter. Capital Bancorp had a net margin of 15.14% and a return on equity of 15.54%. Equities research analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Monday, August 11th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, August 11th. This is a positive change from Capital Bancorp’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Capital Bancorp’s dividend payout ratio (DPR) is 17.98%.

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.