Short Interest in Capital Bancorp, Inc. (NASDAQ:CBNK) Expands By 19.5%

Capital Bancorp, Inc. (NASDAQ:CBNK) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 174,100 shares, a growth of 19.5% from the April 15th total of 145,700 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is currently 8.3 days. Currently, 2.0% of the shares of the stock are short sold.

Capital Bancorp Stock Performance

NASDAQ CBNK opened at $20.33 on Tuesday. The company has a market capitalization of $282.38 million, a price-to-earnings ratio of 8.69 and a beta of 0.44. Capital Bancorp has a twelve month low of $15.80 and a twelve month high of $25.00. The stock has a fifty day simple moving average of $20.11 and a 200 day simple moving average of $21.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.19.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Capital Bancorp had a net margin of 15.35% and a return on equity of 13.56%. The company had revenue of $40.98 million during the quarter, compared to analyst estimates of $40.02 million. Sell-side analysts expect that Capital Bancorp will post 2.27 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.57%. Capital Bancorp’s payout ratio is currently 13.68%.

Institutional Trading of Capital Bancorp

A number of large investors have recently bought and sold shares of CBNK. AJOVista LLC acquired a new stake in Capital Bancorp during the 4th quarter worth about $33,000. New York State Common Retirement Fund grew its holdings in Capital Bancorp by 28.6% during the 4th quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 708 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Capital Bancorp by 80.9% in the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock valued at $103,000 after buying an additional 2,210 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Capital Bancorp in the 4th quarter valued at about $125,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Capital Bancorp by 4.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider’s stock valued at $275,000 after buying an additional 575 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBNK has been the topic of several research analyst reports. Stephens raised 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 note on Monday, April 1st. Hovde Group lowered their price objective on shares of Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $25.00 price objective on shares of Capital Bancorp in a report on Monday, April 1st.

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.