Capital Bancorp (NASDAQ:CBNK – Get 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
Capital Bancorp (NASDAQ:CBNK – Get 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
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
- Five stocks we like better than Capital Bancorp
- AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings Test
- 5 Tech Stocks Holding Their Ground Through the AI Trade Pullback
- The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure
- Large Caps Across Planes, Tech and Oil Announce Over $10 Billion in Buybacks
Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
