Capital Bancorp, Inc. (NASDAQ:CBNK) Given Consensus Rating of “Hold” by Brokerages

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have earned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.3333.

Several equities research analysts have weighed in on CBNK shares. Stephens cut their target price on Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wall Street Zen downgraded Capital Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Zacks Research lowered Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods decreased their target price on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Hovde Group lowered their target price on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th.

Capital Bancorp Price Performance

NASDAQ:CBNK opened at $27.80 on Friday. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40. 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 firm’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $31.74. The firm has a market cap of $459.28 million, a price-to-earnings ratio of 9.46 and a beta of 0.72.

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 firm had revenue of $21.01 million for the quarter. Capital Bancorp had a return on equity of 15.40% and a net margin of 16.41%. As a group, sell-side analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, November 10th. Capital Bancorp’s dividend payout ratio is presently 16.33%.

Insider Buying and Selling

In other news, CFO Dominic C. Canuso sold 3,400 shares of Capital Bancorp stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.95, for a total transaction of $95,030.00. Following the sale, the chief financial officer directly owned 1,434 shares of the company’s stock, valued at approximately $40,080.30. This trade represents a 70.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 31.59% of the company’s stock.

Institutional Trading of Capital Bancorp

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. increased its holdings in Capital Bancorp by 12.7% in the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 449 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Capital Bancorp by 5.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,664 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,127 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of Capital Bancorp in the first quarter valued at about $2,494,000. Nuveen LLC bought a new position in shares of Capital Bancorp during the first quarter worth about $666,000. Finally, Russell Investments Group Ltd. raised its position in shares of Capital Bancorp by 6.7% during the first quarter. Russell Investments Group Ltd. now owns 114,276 shares of the financial services provider’s stock worth $3,237,000 after acquiring an additional 7,157 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

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.