Boston Partners Has $721,000 Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Boston Partners decreased its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 44.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,289 shares of the financial services provider's stock after selling 20,347 shares during the period. Boston Partners owned about 0.15% of Capital Bancorp worth $721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBNK. Picton Mahoney Asset Management increased its holdings in shares of Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 626 shares during the period. SG Americas Securities LLC acquired a new position in Capital Bancorp in the 4th quarter valued at approximately $109,000. BNP Paribas Financial Markets increased its stake in Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock valued at $201,000 after buying an additional 5,937 shares during the period. Praetorian Wealth Management Inc. purchased a new stake in Capital Bancorp in the 4th quarter worth approximately $205,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Capital Bancorp during the 3rd quarter valued at $276,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp 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 transaction, the director now owns 100,000 shares of the company's stock, valued at $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.50% of the company's stock.

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Capital Bancorp Stock Down 1.2 %

CBNK stock traded down $0.35 during trading hours 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 stock has a 50 day moving average price of $30.04 and a two-hundred day moving average price of $28.10. Capital Bancorp, Inc. has a 12 month low of $19.02 and a 12 month high of $32.88. The company has a market capitalization of $479.97 million, a PE ratio of 13.53 and a beta of 0.54. 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 (NASDAQ:CBNK - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm earned $0.65 earnings per share. On average, equities research analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CBNK shares. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a research note on Friday, February 7th. Hovde Group dropped their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a research 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.