Shares of Capital Bancorp, Inc. (NASDAQ:CBNK – Get Free Report) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.00.
A number of research firms have recently issued reports on CBNK. Weiss Ratings raised shares of Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, October 14th. Hovde Group downgraded Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Thursday, October 1st. Brean Capital lowered Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 30th. Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Finally, Raymond James Financial assumed coverage on shares of Capital Bancorp in a research report on Thursday, September 3rd. They issued a “market perform” rating for the company.
Read Our Latest Research Report on Capital Bancorp
Institutional Investors Weigh In On Capital Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Transmarket Holdings LP bought a new position in Capital Bancorp during the 3rd quarter valued at $350,000. Verdence Capital Advisors LLC lifted its stake in shares of Capital Bancorp by 0.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 37,803 shares of the financial services provider’s stock valued at $1,486,000 after buying an additional 316 shares in the last quarter. Cassilly Financial Group LLC bought a new position in shares of Capital Bancorp in the third quarter worth $206,000. Sequoia Financial Advisors LLC purchased a new position in Capital Bancorp during the second quarter valued at approximately $324,000. Finally, Squarepoint Ops LLC grew its stake in Capital Bancorp by 31.9% during the second quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider’s stock valued at $4,845,000 after acquiring an additional 33,402 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.
Capital Bancorp Price Performance
Shares of CBNK opened at $41.97 on Friday. Capital Bancorp has a 52-week low of $26.40 and a 52-week high of $42.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $37.91 and its two-hundred day moving average price is $33.76. The firm has a market cap of $683.69 million, a PE ratio of 12.20 and a beta of 0.52.
Capital Bancorp (NASDAQ:CBNK – Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $68.12 million for the quarter, compared to analyst estimates of $69.01 million. Capital Bancorp had a return on equity of 13.63% and a net margin of 16.29%. On average, equities analysts anticipate that Capital Bancorp will post 3.47 EPS for the current year.
Capital Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 9th. Capital Bancorp’s dividend payout ratio (DPR) is currently 16.92%.
Capital Bancorp Company Profile
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 products and services to businesses, professionals and individuals.
Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.
Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.
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