Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Average Rating of “Moderate Buy” from Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.3333.

CBNK has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a report on Tuesday, June 30th. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th.

Capital Bancorp Stock Up 2.9%

Capital Bancorp stock opened at $36.53 on Friday. The firm has a market capitalization of $595.07 million, a price-to-earnings ratio of 11.04 and a beta of 0.54. The firm’s fifty day moving average price is $33.18 and its two-hundred day moving average price is $31.30. Capital Bancorp has a 1-year low of $26.40 and a 1-year high of $36.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.05). Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The business had revenue of $62.77 million for the quarter, compared to the consensus estimate of $62.41 million. On average, equities research analysts predict that Capital Bancorp will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, May 11th. This represents a $0.48 annualized dividend and a yield of 1.3%. Capital Bancorp’s dividend payout ratio (DPR) is 14.50%.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds have recently bought and sold shares of CBNK. Arrowstreet Capital Limited Partnership raised its holdings in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after purchasing an additional 86,062 shares during the last quarter. Sei Investments Co. boosted its holdings in Capital Bancorp by 104.1% during the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after purchasing an additional 85,293 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Capital Bancorp by 28.6% during the third quarter. Kennedy Capital Management LLC now owns 261,712 shares of the financial services provider’s stock worth $8,349,000 after purchasing an additional 58,232 shares during the last quarter. Marshall Wace LLP purchased a new position in Capital Bancorp during the second quarter worth about $1,833,000. Finally, Militia Capital Management LLC bought a new stake in Capital Bancorp in the 1st quarter worth about $1,398,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

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.