Capital Bancorp (NASDAQ:CBNK) Price Target Cut to $34.00 by Analysts at Hovde Group

Capital Bancorp (NASDAQ:CBNK - Free Report) had its target price decreased by Hovde Group from $36.00 to $34.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. Hovde Group currently has an outperform rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods lifted their target price 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.

Capital Bancorp Price Performance

Shares of Capital Bancorp stock traded down $0.30 on Monday, reaching $28.60. 164,103 shares of the stock were exchanged, compared to its average volume of 35,316. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a market cap of $473.56 million, a PE ratio of 13.43 and a beta of 0.54. The firm's 50 day moving average is $29.92 and its 200-day moving average is $27.98. Capital Bancorp has a one year low of $19.02 and a one year high of $32.88.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released 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 quarter in the previous year, the firm earned $0.65 earnings per share. As a group, analysts anticipate that Capital Bancorp will post 3.17 EPS for the current fiscal year.

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Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 1.40%. The ex-dividend date was Monday, February 10th. Capital Bancorp's payout ratio is 18.78%.

Insider Activity at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the firm's 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.50% of the stock is currently owned by company insiders.

Institutional Trading of Capital Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Capital Bancorp by 297.3% in the 3rd 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 during the period. BNP Paribas Financial Markets raised its position 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 last quarter. Wedge Capital Management L L P NC boosted 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 acquiring an additional 22,381 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capital Bancorp by 68.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider's stock worth $500,000 after acquiring an additional 7,879 shares in the last quarter. Finally, Belvedere Trading LLC purchased a new stake in shares of Capital Bancorp in the fourth quarter valued at about $399,000. 56.14% of the stock is currently owned by institutional investors.

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.