Capital Bancorp (NASDAQ:CBNK) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Capital Bancorp, Inc. (NASDAQ:CBNK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.37 and traded as high as $33.65. Capital Bancorp shares last traded at $32.87, with a volume of 50,508 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on CBNK. Stephens reduced their target price on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Zacks Research upgraded shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on shares of Capital Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.67.

Capital Bancorp Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $29.51 and a 200-day moving average of $30.37. The stock has a market capitalization of $543.01 million, a P/E ratio of 9.67 and a beta of 0.66.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, January 26th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $62.74 million for the quarter, compared to analysts’ expectations of $60.62 million. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.76%. Sell-side analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, February 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, February 9th. Capital Bancorp’s dividend payout ratio (DPR) is presently 14.12%.

Insider Buying and Selling at Capital Bancorp

In related news, CFO Dominic C. Canuso sold 3,400 shares of Capital Bancorp stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total value of $95,030.00. Following the sale, the chief financial officer directly owned 1,434 shares in the company, valued at $40,080.30. This trade represents a 70.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in CBNK. Geode Capital Management LLC grew its holdings in Capital Bancorp by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 340,712 shares of the financial services provider’s stock worth $9,600,000 after buying an additional 5,016 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 908 shares during the period. Daytona Street Capital LLC bought a new position in shares of Capital Bancorp in the fourth quarter worth $72,000. JPMorgan Chase & Co. grew its stake in shares of Capital Bancorp by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 22,598 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 2,591 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Capital Bancorp during the third quarter valued at $29,000. 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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.