Capital Bancorp, Inc. (NASDAQ:CBNK) Stake Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 79.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,449 shares of the financial services provider's stock after purchasing an additional 37,746 shares during the quarter. American Century Companies Inc. owned 0.52% of Capital Bancorp worth $2,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its position in Capital Bancorp by 0.9% in the third quarter. State Street Corp now owns 175,639 shares of the financial services provider's stock valued at $4,516,000 after acquiring an additional 1,526 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Capital Bancorp by 31.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock valued at $2,679,000 after purchasing an additional 22,381 shares during the period. Empowered Funds LLC grew its holdings in Capital Bancorp by 0.4% during the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock valued at $2,550,000 after purchasing an additional 369 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Capital Bancorp by 1.5% during the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock worth $2,228,000 after buying an additional 1,130 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Capital Bancorp by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 61,699 shares of the financial services provider's stock worth $1,758,000 after buying an additional 9,173 shares in the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 100,000 shares in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 32.50% of the company's stock.

Capital Bancorp Stock Down 0.9 %

CBNK stock traded down $0.25 during mid-day trading on Friday, hitting $26.16. 38,338 shares of the company were exchanged, compared to its average volume of 37,539. The company has a market capitalization of $435.67 million, a PE ratio of 12.28 and a beta of 0.52. The firm has a fifty day simple moving average of $29.30 and a 200 day simple moving average of $28.29. 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, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88.

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

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Capital Bancorp's dividend payout ratio (DPR) is 18.78%.

Analysts Set New Price Targets

CBNK has been the subject of several recent analyst reports. Hovde Group lowered their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Keefe, Bruyette & Woods lifted their price objective on Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a report on Friday, February 7th.

Capital Bancorp Company 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.