Capital Bancorp (NASDAQ:CBNK) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Capital Bancorp, Inc. (NASDAQ:CBNK) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.35 and traded as high as $31.72. Capital Bancorp shares last traded at $31.03, with a volume of 42,131 shares.

Analysts Set New Price Targets

CBNK has been the topic of a number of research analyst reports. Stephens reduced their target price on Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Hovde Group reduced their price target on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on shares of Capital Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Finally, Zacks Research raised shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Capital Bancorp presently has a consensus rating of “Hold” and an average price target of $34.67.

Capital Bancorp Stock Down 1.3%

The firm has a market capitalization of $512.62 million, a P/E ratio of 9.13 and a beta of 0.66. The company has a fifty day simple moving average of $29.96 and a 200 day simple moving average of $30.35. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, January 26th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $62.74 million during the quarter, compared to analyst estimates of $60.62 million. Capital Bancorp had a return on equity of 14.76% and a net margin of 18.44%. On average, equities analysts expect that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, February 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $0.48 annualized dividend and a yield of 1.5%. Capital Bancorp’s payout ratio is 14.12%.

Institutional Investors Weigh In On Capital Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Capital Bancorp by 129.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after acquiring an additional 86,062 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Capital Bancorp by 28.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 261,712 shares of the financial services provider’s stock worth $8,349,000 after purchasing an additional 58,232 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Capital Bancorp in the second quarter worth $1,833,000. Militia Capital Partners LP bought a new position in shares of Capital Bancorp during the fourth quarter valued at $1,324,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Capital Bancorp during the second quarter valued at $1,376,000. Institutional investors own 56.14% of the company’s stock.

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.