Capital Bancorp (NASDAQ:CBNK) Hits New 52-Week High – Time to Buy?

Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as $40.83 and last traded at $40.79, with a volume of 46,298 shares. The stock had previously closed at $39.39.

Analyst Ratings Changes

Several brokerages recently weighed in on CBNK. Hovde Group downgraded shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 target price for the company. in a report on Thursday, October 1st. Weiss Ratings raised shares of Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, October 14th. Stephens lowered Capital Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Friday. Raymond James Financial assumed coverage on shares of Capital Bancorp in a report on Thursday, September 3rd. They issued a “market perform” rating on the stock. Finally, Brean Capital cut Capital Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.67.

Get Our Latest Stock Report on Capital Bancorp

Capital Bancorp Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The company has a market cap of $656.73 million, a price-to-earnings ratio of 11.87 and a beta of 0.52. The firm has a 50-day simple moving average of $37.30 and a 200 day simple moving average of $34.75.

Capital Bancorp (NASDAQ:CBNK – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $65.29 million during the quarter, compared to the consensus estimate of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. On average, sell-side analysts predict that Capital Bancorp, Inc. will post 3.47 earnings per share for the current fiscal year.

Capital Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were issued a $0.14 dividend. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, August 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Capital Bancorp’s dividend payout ratio (DPR) is 16.47%.

Hedge Funds Weigh In On Capital Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC grew its position in shares of Capital Bancorp by 31.9% in the 2nd quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider’s stock worth $4,845,000 after acquiring an additional 33,402 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Capital Bancorp in the first quarter worth approximately $1,398,000. Bank of New York Mellon Corp bought a new stake in shares of Capital Bancorp in the 2nd quarter valued at approximately $1,762,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Capital Bancorp in the 2nd quarter worth approximately $2,263,000. Finally, De Lisle Partners LLP acquired a new stake in Capital Bancorp in the 2nd quarter valued at approximately $2,667,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Capital Bancorp Company Profile

(Get Free Report)

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking and financial services to businesses, nonprofit organizations, professional practices and individuals.

Capital Bank offers a range of deposit products, commercial and residential real estate lending, business loans, lines of credit, equipment financing, treasury management and other cash-management services. The company also provides mortgage banking services, including residential mortgage origination, and serves small businesses through lending and related financial solutions.

Capital Bancorp primarily serves customers in the Washington, DC, metropolitan area, including Maryland, Virginia and the District of Columbia.

Recommended Stories

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.