Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Down 13.9% in March

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 41,400 shares, a drop of 13.9% from the March 15th total of 48,100 shares. Based on an average daily volume of 21,500 shares, the short-interest ratio is currently 1.9 days. Approximately 0.5% of the shares of the stock are sold short.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price objective on shares of Capital Bancorp in a research report on Monday, April 1st. Stephens upgraded shares of Capital Bancorp from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $28.00 in a research report on Monday, April 1st.

Capital Bancorp Price Performance

NASDAQ CBNK traded down $0.41 on Tuesday, reaching $19.12. The company had a trading volume of 4,028 shares, compared to its average volume of 21,588. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $265.58 million, a PE ratio of 7.66 and a beta of 0.42. The firm’s 50 day moving average price is $20.42 and its 200 day moving average price is $21.23. Capital Bancorp has a 12 month low of $15.36 and a 12 month high of $25.00.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Capital Bancorp had a net margin of 17.23% and a return on equity of 14.79%. The firm had revenue of $52.91 million for the quarter, compared to the consensus estimate of $42.48 million. As a group, equities analysts predict that Capital Bancorp will post 2.47 earnings per share for the current year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Monday, February 5th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. Capital Bancorp’s dividend payout ratio (DPR) is presently 12.55%.

Institutional Trading of Capital Bancorp

A number of large investors have recently made changes to their positions in the business. Ballast Asset Management LP purchased a new position in shares of Capital Bancorp during the 3rd quarter worth about $2,397,000. Comerica Bank purchased a new position in shares of Capital Bancorp during the 3rd quarter worth about $668,000. Alliancebernstein L.P. boosted its stake in shares of Capital Bancorp by 12.6% during the 3rd quarter. Alliancebernstein L.P. now owns 283,360 shares of the financial services provider’s stock worth $6,546,000 after purchasing an additional 31,685 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Capital Bancorp by 86.0% during the 2nd quarter. Kennedy Capital Management LLC now owns 64,965 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 30,042 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Capital Bancorp by 35.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 111,328 shares of the financial services provider’s stock worth $2,694,000 after purchasing an additional 29,147 shares during the period. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Company Profile

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.