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

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $34.6667.

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

Institutional Trading of Capital Bancorp

Hedge funds have recently modified their holdings of the company. Boston Partners boosted its position in shares of Capital Bancorp by 1.8% during the 3rd quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock valued at $829,000 after acquiring an additional 457 shares during the last quarter. Creative Planning increased its position in Capital Bancorp by 2.3% in the third quarter. Creative Planning now owns 21,018 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 482 shares during the last quarter. Gator Capital Management LLC raised its stake in Capital Bancorp by 0.7% during the third quarter. Gator Capital Management LLC now owns 89,515 shares of the financial services provider’s stock valued at $2,856,000 after purchasing an additional 590 shares in the last quarter. First Trust Advisors LP raised its stake in Capital Bancorp by 6.4% during the second quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 632 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in Capital Bancorp by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock valued at $7,394,000 after purchasing an additional 750 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Trading Down 1.3%

Capital Bancorp stock opened at $29.21 on Monday. Capital Bancorp has a 1 year low of $24.69 and a 1 year high of $36.40. The firm’s 50 day moving average price is $30.13 and its 200-day moving average price is $30.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market cap of $482.55 million, a P/E ratio of 8.59 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 for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The firm had revenue of $62.74 million during the quarter, compared to analyst estimates of $60.62 million. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.76%. On average, equities analysts predict that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Monday, February 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, February 9th. Capital Bancorp’s dividend payout ratio (DPR) 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.