Barclays PLC Boosts Stock Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Barclays PLC boosted its stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 297.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,918 shares of the financial services provider's stock after buying an additional 8,918 shares during the quarter. Barclays PLC owned 0.07% of Capital Bancorp worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Capital Bancorp by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider's stock worth $4,658,000 after buying an additional 9,461 shares during the period. Pacific Ridge Capital Partners LLC grew its position in Capital Bancorp by 14.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider's stock worth $4,271,000 after buying an additional 26,091 shares during the period. State Street Corp grew its position in Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider's stock worth $4,516,000 after buying an additional 1,526 shares during the period. Empowered Funds LLC grew its position in Capital Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider's stock worth $2,291,000 after buying an additional 4,422 shares during the period. Finally, Fourthstone LLC grew its position in Capital Bancorp by 104.6% during the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider's stock worth $1,325,000 after buying an additional 26,358 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Price Performance

Shares of CBNK stock traded up $0.64 during trading hours on Monday, hitting $29.07. The company's stock had a trading volume of 51,865 shares, compared to its average volume of 52,441. The business has a fifty day moving average of $28.70 and a 200-day moving average of $26.04. The stock has a market cap of $481.40 million, a price-to-earnings ratio of 12.48 and a beta of 0.51. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $31.22. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. As a group, equities research analysts anticipate that Capital Bancorp, Inc. will post 2.37 EPS for the current year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp's payout ratio is 17.17%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their target price on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

Insider Activity at Capital Bancorp

In other news, COO Steven M. Poynot acquired 2,000 shares of Capital Bancorp stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $25.36 per share, with a total value of $50,720.00. Following the completion of the purchase, the chief operating officer now owns 4,503 shares of the company's stock, valued at approximately $114,196.08. This represents a 79.90 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dominic C. Canuso acquired 1,000 shares of Capital Bancorp stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the purchase, the chief financial officer now directly owns 2,000 shares of the company's stock, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 32.50% of the company's stock.

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.