6,215 Shares in Capital Bancorp, Inc. $CBNK Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,215 shares of the financial services provider’s stock, valued at approximately $209,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Capital Bancorp by 12.7% during the 1st 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 in the last quarter. AQR Capital Management LLC lifted its holdings 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 purchasing an additional 4,336 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Capital Bancorp during the first quarter valued at $464,000. Arcus Capital Partners LLC purchased a new stake in shares of Capital Bancorp during the first quarter valued at $481,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 purchasing an additional 1,127 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK opened at $29.73 on Friday. 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 $492.92 million, a PE ratio of 11.13 and a beta of 0.69. The business’s 50 day moving average is $32.01 and its 200-day moving average is $31.98. Capital Bancorp, Inc. has a 1-year low of $24.12 and a 1-year high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.70 EPS for the quarter. The company had revenue of $21.01 million for the quarter. Capital Bancorp had a return on equity of 15.54% and a net margin of 15.14%. Sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Randall James Levitt sold 37,338 shares of the company’s stock in a transaction on 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 transaction, the director owned 60,000 shares of the company’s stock, valued at $2,062,200. This represents a 38.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 31.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Capital Bancorp in a research note on Tuesday, October 14th. Wall Street Zen downgraded Capital Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Hovde Group increased their price objective on Capital Bancorp from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Capital Bancorp currently has an average rating of “Moderate Buy” and an average target price of $37.00.

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.