Belvedere Trading LLC Makes New $399,000 Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

Belvedere Trading LLC purchased a new position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,993 shares of the financial services provider's stock, valued at approximately $399,000. Belvedere Trading LLC owned about 0.08% of Capital Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Capital Bancorp during the 4th quarter worth about $109,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 acquiring an additional 5,937 shares during the period. Praetorian Wealth Management Inc. bought a new position in shares of Capital Bancorp during the 4th quarter worth about $205,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Capital Bancorp during the 3rd quarter worth about $276,000. Finally, Barclays PLC lifted its holdings in shares of Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock worth $306,000 after acquiring an additional 8,918 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a report on Friday, February 7th.

Insider Transactions at Capital Bancorp

In other 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 value of $468,350.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 32.50% of the stock is owned by corporate insiders.

Capital Bancorp Price Performance

CBNK stock traded down $0.14 during trading on Thursday, hitting $32.22. 30,666 shares of the stock traded hands, compared to its average volume of 50,784. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $32.71. The stock has a market cap of $533.56 million, a price-to-earnings ratio of 15.13 and a beta of 0.50. The company has a 50 day simple moving average of $29.75 and a 200 day simple moving average of $27.31. 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 announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) 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 quarter in the prior year, the company posted $0.65 earnings per share. Equities analysts expect that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp's dividend payout ratio is presently 18.78%.

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.