Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $32.49 and last traded at $32.64, with a volume of 11391 shares traded. The stock had previously closed at $32.33.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods raised their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Friday, February 7th.
Read Our Latest Report on Capital Bancorp
Capital Bancorp Price Performance
The company has a market cap of $514.29 million, a P/E ratio of 14.58 and a beta of 0.50. The firm has a 50 day moving average of $29.76 and a 200-day moving average of $27.42. 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 (NASDAQ:CBNK - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share 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 period last year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.
Capital Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. Capital Bancorp's dividend payout ratio is presently 18.78%.
Insiders Place Their Bets
In other news, Director Randall James Levitt sold 14,500 shares of the 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 sale, the director now directly owns 100,000 shares in the company, valued at approximately $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Capital Bancorp
Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of Capital Bancorp by 5.2% during 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 period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp during the 3rd quarter valued at about $276,000. BNP Paribas Financial Markets boosted 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 period. Fourthstone LLC boosted its position in Capital Bancorp by 104.6% in the 3rd 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 during the period. Finally, Martingale Asset Management L P grew its stake in Capital Bancorp by 10.1% in the 3rd quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider's stock worth $704,000 after acquiring an additional 2,511 shares in the last quarter. Institutional investors own 56.14% of the company's stock.
About Capital Bancorp
(
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.
Further Reading
Before you consider Capital Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital Bancorp wasn't on the list.
While Capital Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
