Capital Bancorp’s (CBNK) Quiet Period To End on November 5th
Capital Bancorp’s (NASDAQ:CBNK) quiet period will end on Monday, November 5th. Capital Bancorp had issued 2,228,736 shares in its initial public offering on September 26th. The total size of the offering was $27,859,200 based on an initial share price of $12.50. During Capital Bancorp’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
CBNK has been the subject of a number of research analyst reports. Sandler O’Neill initiated coverage on shares of Capital Bancorp in a report on Tuesday, October 23rd. They set a “buy” rating and a $14.50 price objective for the company. Hovde Group started coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued a “market perform” rating and a $14.00 price target for the company. Keefe, Bruyette & Woods started coverage on shares of Capital Bancorp in a research note on Sunday, October 21st. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Stephens started coverage on shares of Capital Bancorp in a research note on Monday, October 22nd. They issued an “overweight” rating and a $14.00 price target for the company.
Capital Bancorp stock opened at $11.90 on Monday. Capital Bancorp has a twelve month low of $11.41 and a twelve month high of $13.19.
About Capital Bancorp
Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.
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