Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $34.33 Consensus Target Price from Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.3333.

Several research firms have recently issued reports on CBNK. Zacks Research raised Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Hovde Group dropped their price target on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods dropped their target price on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday, December 29th. Finally, Stephens decreased their price objective on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th.

Capital Bancorp Trading Down 1.6%

NASDAQ CBNK opened at $29.07 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40. The stock has a market capitalization of $480.24 million, a PE ratio of 9.89 and a beta of 0.65. The firm has a 50 day moving average of $28.52 and a two-hundred day moving average of $30.77.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, October 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.16). The firm had revenue of $58.47 million during the quarter, compared to analyst estimates of $62.98 million. Capital Bancorp had a net margin of 16.41% and a return on equity of 15.13%. As a group, research analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, November 10th. Capital Bancorp’s dividend payout ratio is presently 16.33%.

Insider Activity at Capital Bancorp

In related news, CFO Dominic C. Canuso sold 3,400 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total transaction of $95,030.00. Following the completion of the sale, the chief financial officer owned 1,434 shares in the company, valued at $40,080.30. This represents a 70.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Capital Bancorp during the 3rd quarter worth approximately $29,000. Aquatic Capital Management LLC purchased a new stake in shares of Capital Bancorp during the 3rd quarter worth $61,000. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Capital Bancorp by 46.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 852 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Capital Bancorp by 33.1% in the third quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 1,373 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Capital Bancorp during the second quarter worth about $201,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

About Capital Bancorp

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.