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

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $34.6667.

Several research firms have weighed in on CBNK. Zacks Research raised Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Keefe, Bruyette & Woods increased their target price 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.

Capital Bancorp Stock Performance

NASDAQ:CBNK opened at $30.32 on Friday. The company has a 50-day moving average price of $30.23 and a 200-day moving average price of $29.52. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40. 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 stock has a market cap of $496.34 million, a price-to-earnings ratio of 8.92 and a beta of 0.59.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 26th. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Capital Bancorp had a net margin of 18.44% and a return on equity of 14.56%. The firm had revenue of $62.74 million for the quarter, compared to analyst estimates of $60.62 million. Equities analysts predict that Capital Bancorp will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Capital Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp in the 3rd quarter worth about $29,000. State of Alaska Department of Revenue lifted its position in Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 908 shares during the period. Aquatic Capital Management LLC purchased a new position in Capital Bancorp during the 3rd quarter valued at about $61,000. Daytona Street Capital LLC bought a new stake in Capital Bancorp during the fourth quarter worth about $72,000. Finally, Federated Hermes Inc. boosted its stake in Capital Bancorp by 33.1% during the third quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,373 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.