Capital Bancorp (NASDAQ:CBNK) Stock Rating Upgraded by Zacks Research

Capital Bancorp (NASDAQ:CBNK) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods cut their price objective on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday. Finally, Stephens dropped their price target on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Capital Bancorp currently has an average rating of “Hold” and a consensus price target of $34.33.

Capital Bancorp Stock Performance

Shares of NASDAQ CBNK opened at $28.34 on Monday. The company has a 50 day simple moving average of $28.38 and a two-hundred day simple moving average of $31.21. The stock has a market cap of $468.18 million, a price-to-earnings ratio of 9.64 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 EPS for the quarter. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%.The firm had revenue of $21.01 million for the quarter. As a group, analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Insider Activity at Capital Bancorp

In other news, CFO Dominic C. Canuso sold 3,400 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total value of $95,030.00. Following the completion of the sale, the chief financial officer directly owned 1,434 shares in the company, valued at $40,080.30. This represents a 70.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.50% of the stock is owned by company insiders.

Institutional Trading of Capital Bancorp

Several large investors have recently bought and sold shares of the business. Boston Partners raised its holdings in Capital Bancorp by 1.8% in the 3rd quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock valued at $829,000 after acquiring an additional 457 shares during the last quarter. Creative Planning grew its position in shares of Capital Bancorp by 2.3% in the third quarter. Creative Planning now owns 21,018 shares of the financial services provider’s stock valued at $670,000 after purchasing an additional 482 shares in the last quarter. Gator Capital Management LLC increased its holdings in shares of Capital Bancorp by 0.7% in the third quarter. Gator Capital Management LLC now owns 89,515 shares of the financial services provider’s stock valued at $2,856,000 after purchasing an additional 590 shares during the last quarter. First Trust Advisors LP lifted its position in Capital Bancorp by 6.4% during the second quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock worth $355,000 after buying an additional 632 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in Capital Bancorp by 12.2% during the third quarter. Arete Wealth Advisors LLC now owns 7,800 shares of the financial services provider’s stock worth $249,000 after buying an additional 850 shares in the last quarter. Hedge funds and other 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.