Analysts Set Capital Bancorp, Inc. (NASDAQ:CBNK) Target Price at $34.67

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have received an average rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $34.6667.

CBNK has been the subject of several recent analyst reports. Hovde Group dropped their price target 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. Keefe, Bruyette & Woods upped their target price on shares of Capital Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Zacks Research raised shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday, December 29th. Finally, Stephens dropped their price objective on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, October 30th.

Capital Bancorp Stock Performance

Shares of CBNK opened at $31.79 on Thursday. The business’s fifty day simple moving average is $29.78 and its two-hundred day simple moving average is $30.34. 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 cap of $525.17 million, a price-to-earnings ratio of 9.35 and a beta of 0.66. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 26th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. Capital Bancorp had a return on equity of 14.76% and a net margin of 18.44%.The business had revenue of $62.74 million for the quarter, compared to the consensus estimate of $60.62 million. Research analysts anticipate that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, February 9th. Capital Bancorp’s dividend payout ratio is currently 14.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its position in Capital Bancorp by 8.5% during the fourth quarter. Martingale Asset Management L P now owns 16,316 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 1,273 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital Bancorp by 52.1% in the 4th quarter. Wells Fargo & Company MN now owns 13,054 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 4,470 shares during the period. Gator Capital Management LLC increased its position in shares of Capital Bancorp by 0.7% during the 4th quarter. Gator Capital Management LLC now owns 90,170 shares of the financial services provider’s stock valued at $2,540,000 after purchasing an additional 655 shares during the last quarter. HRT Financial LP purchased a new stake in Capital Bancorp during the 4th quarter valued at $205,000. Finally, Banc Funds Co. LLC lifted its position in Capital Bancorp by 48.6% in the fourth quarter. Banc Funds Co. LLC now owns 21,400 shares of the financial services provider’s stock worth $603,000 after buying an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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. 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.