Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.6667.

A number of research analysts have recently weighed in on CBNK shares. Keefe, Bruyette & Woods raised their price target 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. Weiss Ratings upgraded shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded Capital Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th.

Institutional Investors Weigh In On Capital Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in Capital Bancorp by 129.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after purchasing an additional 86,062 shares during the period. Kennedy Capital Management LLC raised its position 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 purchasing an additional 58,232 shares during the period. Marshall Wace LLP acquired a new stake in shares of Capital Bancorp in the second quarter worth $1,833,000. Militia Capital Partners LP acquired a new stake in shares of Capital Bancorp in the fourth quarter worth $1,324,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Capital Bancorp by 16.7% during the 2nd 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 period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Trading Down 0.2%

NASDAQ:CBNK opened at $28.75 on Monday. The stock’s 50 day moving average price is $30.20 and its 200 day moving average price is $30.04. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40. The company has a market capitalization of $474.95 million, a P/E ratio of 8.46 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.03.

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

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Capital Bancorp’s dividend payout ratio is currently 14.12%.

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.