Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.6667.

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th.

Hedge Funds Weigh In On Capital Bancorp

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in Capital Bancorp by 80.9% during the 2nd quarter. Squarepoint Ops LLC now owns 63,410 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 28,358 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Capital Bancorp by 16.7% in the second quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock worth $9,495,000 after buying an additional 40,489 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Capital Bancorp by 21.5% during the second quarter. Kennedy Capital Management LLC now owns 203,480 shares of the financial services provider’s stock valued at $6,833,000 after buying an additional 35,976 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Capital Bancorp by 12.8% during the second quarter. American Century Companies Inc. now owns 168,797 shares of the financial services provider’s stock valued at $5,668,000 after buying an additional 19,135 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of Capital Bancorp during the third quarter valued at approximately $1,182,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $30.32 on Friday. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40. The stock has a market cap of $496.34 million, a PE ratio of 8.92 and a beta of 0.59. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $30.21 and its 200-day moving average price is $29.58.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, January 26th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.56%. The company had revenue of $62.74 million during the quarter, compared to analyst estimates of $60.62 million. On average, equities analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, February 9th. Capital Bancorp’s dividend payout ratio is currently 14.12%.

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.