Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.16 and traded as high as $33.74. Capital Bancorp shares last traded at $33.22, with a volume of 75,235 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CBNK. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.
Get Our Latest Stock Analysis on Capital Bancorp
Capital Bancorp Stock Performance
Capital Bancorp (NASDAQ:CBNK – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. The firm had revenue of $62.77 million during the quarter, compared to analysts’ expectations of $62.41 million. On average, research analysts predict that Capital Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.
Capital Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 11th. Capital Bancorp’s payout ratio is presently 14.50%.
Institutional Trading of Capital Bancorp
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp during the 3rd quarter valued at $29,000. State of Alaska Department of Revenue grew its holdings 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 during the period. Aquatic Capital Management LLC purchased a new stake in shares of Capital Bancorp during the 3rd quarter worth about $61,000. Daytona Street Capital LLC purchased a new stake in shares of Capital Bancorp during the 4th quarter worth about $72,000. Finally, Federated Hermes Inc. grew its holdings in shares of Capital Bancorp by 33.1% during the 3rd quarter. Federated Hermes Inc. now owns 5,518 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,373 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.
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.
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