Bank of New York Mellon Corp Has $1.76 Million Stock Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Bank of New York Mellon Corp increased its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,699 shares of the financial services provider's stock after acquiring an additional 9,173 shares during the period. Bank of New York Mellon Corp owned about 0.37% of Capital Bancorp worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its position in Capital Bancorp by 1.5% in the fourth quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock valued at $2,228,000 after acquiring an additional 1,130 shares during the last quarter. Belvedere Trading LLC acquired a new position in Capital Bancorp during the 4th quarter worth approximately $399,000. Rhumbline Advisers lifted its stake in Capital Bancorp by 5.9% in the 4th quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock valued at $439,000 after purchasing an additional 854 shares during the last quarter. Salzhauer Michael acquired a new stake in Capital Bancorp in the fourth quarter valued at approximately $490,000. Finally, Empowered Funds LLC grew its stake in shares of Capital Bancorp by 0.4% during the fourth quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock worth $2,550,000 after buying an additional 369 shares during the last quarter. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Trading Down 1.2 %

NASDAQ CBNK traded down $0.35 on Wednesday, hitting $28.82. The company's stock had a trading volume of 49,234 shares, compared to its average volume of 35,586. The firm has a market cap of $479.97 million, a PE ratio of 13.53 and a beta of 0.54. The company's 50-day moving average is $30.04 and its 200 day moving average is $28.10. 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.

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Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date was Monday, February 10th. Capital Bancorp's payout ratio is presently 18.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Friday, February 7th. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 17th.

Insider Buying and Selling at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the sale, the director now directly owns 100,000 shares of the company's stock, valued at approximately $3,230,000. This represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 32.50% of the company's stock.

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.