Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 5.9% in January

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 110,900 shares, an increase of 5.9% from the January 15th total of 104,700 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 56,400 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Separately, 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 report on Friday, February 7th.

Capital Bancorp Price Performance

CBNK stock traded down $1.16 during midday trading on Friday, reaching $31.06. 149,529 shares of the stock were exchanged, compared to its average volume of 53,686. Capital Bancorp has a 52 week low of $19.02 and a 52 week high of $32.88. The company has a fifty day moving average price of $29.76 and a 200 day moving average price of $27.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $514.35 million, a PE ratio of 14.58 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last issued 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 net margin of 12.66% and a return on equity of 14.89%. During the same quarter last year, the firm earned $0.65 EPS. As a group, analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors 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 1.29%. The ex-dividend date is Monday, February 10th. Capital Bancorp's dividend payout ratio is currently 18.78%.

Insider Buying and Selling

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the transaction, the director now owns 100,000 shares in the company, valued at $3,230,000. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is owned by insiders.

Institutional Trading of Capital Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Capital Bancorp by 0.4% in the fourth quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock valued at $2,550,000 after buying an additional 369 shares during the period. Picton Mahoney Asset Management lifted its stake 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. Rhumbline Advisers grew its stake in Capital Bancorp by 5.9% during the fourth quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock worth $439,000 after purchasing an additional 854 shares during the period. Wealthspire Advisors LLC grew its stake in Capital Bancorp by 1.5% during the fourth quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock worth $2,228,000 after purchasing an additional 1,130 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Capital Bancorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,177 shares during the period. Institutional investors and hedge funds own 56.14% of the company's stock.

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.