Capital Bancorp, Inc. (NASDAQ:CBNK) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 614,473 shares of the financial services provider's stock after purchasing an additional 253,819 shares during the quarter. Alliancebernstein L.P. owned approximately 3.71% of Capital Bancorp worth $17,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CBNK. Barclays PLC boosted its position in Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 8,918 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Capital Bancorp by 91.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider's stock valued at $585,000 after purchasing an additional 9,798 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock worth $201,000 after buying an additional 5,937 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock valued at $2,679,000 after buying an additional 22,381 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider's stock worth $500,000 after acquiring an additional 7,879 shares during the last quarter. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK traded up $0.23 during midday trading on Monday, hitting $26.39. The stock had a trading volume of 7,116 shares, compared to its average volume of 37,523. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Capital Bancorp, Inc. has a 1 year low of $19.02 and a 1 year high of $32.88. The company has a market capitalization of $439.42 million, a PE ratio of 12.39 and a beta of 0.52. The stock has a 50 day simple moving average of $29.30 and a 200-day simple moving average of $28.31.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same period in the previous year, the business posted $0.65 earnings per share. On average, sell-side analysts expect that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp's dividend payout ratio (DPR) is 18.78%.

Insider Transactions at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now directly owns 100,000 shares of the company's stock, valued at $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.50% of the company's stock.

Analysts Set New Price Targets

CBNK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a research note on Friday, February 7th. Hovde Group decreased their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 17th.

Capital Bancorp 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.