Capital Bancorp (NASDAQ:CBNK) Given New $32.00 Price Target at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK) had its price objective lifted by Keefe, Bruyette & Woods from $31.00 to $32.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the company. Hovde Group cut their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a report on Monday, December 29th. Stephens reduced their price objective 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. Finally, Zacks Research raised shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.67.

Capital Bancorp Price Performance

CBNK stock opened at $31.71 on Monday. The stock has a market capitalization of $523.85 million, a price-to-earnings ratio of 9.33 and a beta of 0.66. The firm’s 50-day moving average price is $29.08 and its two-hundred day moving average price is $30.47. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Capital Bancorp has a 12-month low of $24.69 and a 12-month high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last posted its 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 return on equity of 14.76% and a net margin of 18.44%.The company had revenue of $62.74 million for the quarter, compared to analysts’ expectations of $60.62 million. As a group, equities analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

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

Insider Transactions at Capital Bancorp

In related news, CFO Dominic C. Canuso sold 3,400 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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 SEC, which is available at this link. 32.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital Bancorp

Several large investors have recently made changes to their positions in CBNK. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp in the 3rd quarter worth approximately $29,000. State of Alaska Department of Revenue boosted its holdings in Capital Bancorp by 135.1% in the fourth 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 in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Capital Bancorp in the third quarter worth $61,000. Daytona Street Capital LLC purchased a new stake in shares of Capital Bancorp in the fourth quarter worth $72,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Capital Bancorp by 46.1% during the second 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 acquiring an additional 852 shares in the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

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.