Capital Bancorp, Inc. (NASDAQ:CBNK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $34.3333.

A number of research firms have recently issued reports on CBNK. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Bancorp in a research report on Monday, December 22nd. Stephens lowered their price target on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Keefe, Bruyette & Woods dropped their price objective on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Hovde Group decreased their target price on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Zacks Research lowered shares of Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st.

Insider Buying and Selling

In related news, CFO Dominic C. Canuso sold 3,400 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.95, for a total value of $95,030.00. Following the sale, the chief financial officer owned 1,434 shares of the company’s stock, valued at $40,080.30. The trade was a 70.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its holdings in shares of Capital Bancorp by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 622,483 shares of the financial services provider’s stock worth $20,903,000 after purchasing an additional 7,510 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Capital Bancorp by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 320,153 shares of the financial services provider’s stock valued at $10,213,000 after buying an additional 11,546 shares in the last quarter. Geode Capital Management LLC grew its stake in Capital Bancorp by 16.7% during the second quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock worth $9,495,000 after buying an additional 40,489 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Capital Bancorp by 28.6% in the third quarter. Kennedy Capital Management LLC now owns 261,712 shares of the financial services provider’s stock valued at $8,349,000 after acquiring an additional 58,232 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Capital Bancorp by 12.8% in the second quarter. American Century Companies Inc. now owns 168,797 shares of the financial services provider’s stock valued at $5,668,000 after acquiring an additional 19,135 shares during the last quarter. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Stock Down 0.6%

Shares of CBNK opened at $28.48 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.03. The company has a 50-day simple moving average of $28.44 and a 200-day simple moving average of $31.26. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40. The firm has a market capitalization of $470.49 million, a P/E ratio of 9.69 and a beta of 0.68.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share for the quarter. The business had revenue of $21.01 million for the quarter. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%. On average, equities research analysts expect that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, November 10th. Capital Bancorp’s dividend payout ratio (DPR) is 16.33%.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.