Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $35.67 Average Target Price from Analysts

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have earned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $35.6667.

A number of brokerages recently weighed in on CBNK. Zacks Research lowered shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Capital Bancorp in a research report on Tuesday, October 14th. Hovde Group cut their price objective on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Capital Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Stephens decreased their price objective on Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th.

Insider Activity

In related news, Director Randall James Levitt sold 37,338 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $34.37, for a total value of $1,283,307.06. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in CBNK. Federated Hermes Inc. grew its holdings in shares of Capital Bancorp by 33.1% during the 3rd quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 1,373 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Capital Bancorp during the third quarter worth $767,000. Arcus Capital Partners LLC increased its holdings in shares of Capital Bancorp by 7.0% during the third quarter. Arcus Capital Partners LLC now owns 18,267 shares of the financial services provider’s stock worth $583,000 after buying an additional 1,200 shares in the last quarter. Praetorian Wealth Management Inc. bought a new position in shares of Capital Bancorp in the 3rd quarter valued at $229,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Capital Bancorp by 80.9% in the 2nd quarter. Squarepoint Ops LLC now owns 63,410 shares of the financial services provider’s stock valued at $2,129,000 after acquiring an additional 28,358 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Stock Down 1.0%

Shares of NASDAQ:CBNK opened at $27.94 on Tuesday. The company has a 50 day moving average price of $31.02 and a two-hundred day moving average price of $32.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market capitalization of $463.36 million, a PE ratio of 9.50 and a beta of 0.72. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.40%. The company had revenue of $21.01 million during the quarter. Analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 10th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. Capital Bancorp’s dividend payout ratio is currently 16.33%.

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.