Capital Bancorp, Inc. $CBNK Stake Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 12.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,797 shares of the financial services provider’s stock after buying an additional 19,135 shares during the period. American Century Companies Inc. owned 1.01% of Capital Bancorp worth $5,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its position 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 acquiring an additional 449 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Capital Bancorp by 46.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 852 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Capital Bancorp by 5.5% during 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 purchasing an additional 1,127 shares during the period. Wealthspire Advisors LLC boosted its stake in Capital Bancorp by 1.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 79,585 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 1,304 shares during the period. Finally, Rhumbline Advisers grew its position in Capital Bancorp by 23.9% in the 2nd quarter. Rhumbline Advisers now owns 18,378 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 3,545 shares during the last quarter. 56.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital Bancorp

In other news, CFO Dominic C. Canuso sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total transaction of $95,030.00. Following the sale, the chief financial officer owned 1,434 shares in the company, valued at $40,080.30. The trade was a 70.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.59% of the stock is currently owned by company insiders.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $28.49 on Friday. Capital Bancorp, Inc. has a twelve month low of $24.69 and a twelve month high of $36.40. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $470.65 million, a price-to-earnings ratio of 9.69 and a beta of 0.68. The firm has a 50-day moving average of $28.69 and a two-hundred day moving average of $31.56.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $21.01 million for the quarter. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%. As a group, analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Hovde Group reduced their price target 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. Stephens lowered their price target on Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Keefe, Bruyette & Woods cut their price objective on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Capital Bancorp in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.33.

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.