Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Update

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 232,900 shares, an increase of 84.1% from the February 13th total of 126,500 shares. Approximately 2.0% of the company's shares are short sold. Based on an average trading volume of 55,400 shares, the short-interest ratio is presently 4.2 days.

Analyst Upgrades and Downgrades

CBNK has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a research report 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 research report on Monday.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares of the company's stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.50% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CBNK. Empowered Funds LLC boosted its holdings in Capital Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider's stock valued at $2,291,000 after purchasing an additional 4,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Capital Bancorp in the third quarter valued at about $276,000. BNP Paribas Financial Markets boosted its holdings in Capital Bancorp by 317.1% in the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 5,937 shares during the last quarter. Fourthstone LLC raised its stake in Capital Bancorp by 104.6% during the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider's stock valued at $1,325,000 after buying an additional 26,358 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Capital Bancorp by 10.1% during the third quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider's stock valued at $704,000 after buying an additional 2,511 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company's stock.

Capital Bancorp Stock Up 0.1 %

Shares of NASDAQ CBNK traded up $0.03 on Tuesday, hitting $28.49. The company had a trading volume of 20,868 shares, compared to its average volume of 34,588. Capital Bancorp has a 12-month low of $19.02 and a 12-month high of $32.88. The business has a 50 day moving average of $29.85 and a two-hundred day moving average of $27.95. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $471.74 million, a P/E ratio of 13.38 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp's dividend payout ratio is currently 18.78%.

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.