Capital Bancorp (NASDAQ:CBNK) Price Target Raised to $40.00 at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNKGet Free Report) had its price target lifted by investment analysts at Keefe, Bruyette & Woods from $35.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.37% from the company’s previous close.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Bancorp in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

View Our Latest Stock Analysis on Capital Bancorp

Capital Bancorp Stock Performance

CBNK stock traded up $0.63 during trading hours on Monday, reaching $37.96. The stock had a trading volume of 21,056 shares, compared to its average volume of 62,964. The stock has a 50-day simple moving average of $34.42 and a 200 day simple moving average of $31.91. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $38.83. The stock has a market capitalization of $618.37 million, a PE ratio of 11.16 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03.

Capital Bancorp (NASDAQ:CBNKGet Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $65.29 million for the quarter, compared to analysts’ expectations of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.30%. Analysts predict that Capital Bancorp will post 3.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of CBNK. Advisory Services Network LLC bought a new position in Capital Bancorp during the third quarter worth about $29,000. State of Alaska Department of Revenue grew its position in shares of 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 worth $43,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Capital Bancorp during the 3rd quarter worth approximately $61,000. Daytona Street Capital LLC bought a new position in shares of Capital Bancorp during the fourth quarter worth approximately $72,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Capital Bancorp in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

Capital Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Capital Bancorp (NASDAQ:CBNK)

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