Capital Bancorp (NASDAQ:CBNK - Free Report) had its price target upped by Keefe, Bruyette & Woods from $32.00 to $35.00 in a research report released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.
Capital Bancorp Stock Up 1.0 %
Shares of CBNK traded up $0.31 during mid-day trading on Friday, reaching $32.23. 20,431 shares of the stock traded hands, compared to its average volume of 53,487. The firm has a market cap of $533.65 million, a price-to-earnings ratio of 15.13 and a beta of 0.50. The stock has a fifty day simple moving average of $29.41 and a 200 day simple moving average of $26.95. Capital Bancorp has a 12-month low of $19.02 and a 12-month high of $32.47. 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 posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 company earned $0.65 EPS. Sell-side analysts expect that Capital Bancorp will post 3.17 EPS for the current fiscal year.
Capital Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, February 10th. Capital Bancorp's dividend payout ratio is presently 18.78%.
Insiders Place Their Bets
In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction 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 of the company's stock, valued at $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 32.50% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Capital Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in shares of Capital Bancorp by 297.3% during the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 8,918 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 worth $201,000 after acquiring an additional 5,937 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock worth $2,679,000 after buying an additional 22,381 shares during the period. Squarepoint Ops LLC acquired a new stake in Capital Bancorp during the 2nd quarter worth about $304,000. Finally, JPMorgan Chase & Co. raised its holdings in Capital Bancorp by 68.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider's stock worth $500,000 after buying an additional 7,879 shares during the period. Institutional investors and hedge funds own 56.14% of the company's stock.
Capital Bancorp Company Profile
(
Get Free Report)
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.
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