Kendall Capital Management Makes New $1.86 Million Investment in Capital Bancorp, Inc. $CBNK

Kendall Capital Management purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 53,000 shares of the financial services provider’s stock, valued at approximately $1,861,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Capital Bancorp during the second quarter valued at $27,625,000. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $5,118,000 after purchasing an additional 86,062 shares during the last quarter. Sei Investments Co. lifted its holdings in Capital Bancorp by 104.1% in the 1st quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock valued at $4,973,000 after purchasing an additional 85,293 shares in the last quarter. De Lisle Partners LLP purchased a new position in Capital Bancorp in the 2nd quarter valued at about $2,667,000. Finally, Kennedy Capital Management LLC boosted its stake in shares of Capital Bancorp by 28.6% during 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 during the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK opened at $36.53 on Friday. The company has a market cap of $595.07 million, a P/E ratio of 10.74 and a beta of 0.52. The business has a fifty day simple moving average of $35.91 and a 200-day simple moving average of $32.70. Capital Bancorp, Inc. has a 52 week low of $26.40 and a 52 week high of $38.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Capital Bancorp had a return on equity of 13.14% and a net margin of 17.47%.The firm had revenue of $65.29 million for the quarter, compared to the consensus estimate of $66.54 million. Equities research analysts forecast that Capital Bancorp, Inc. will post 3.43 EPS for the current year.

Capital Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Capital Bancorp’s previous quarterly dividend of $0.12. Capital Bancorp’s dividend payout ratio is currently 16.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBNK. Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

About Capital Bancorp

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.