Capital Bancorp (NASDAQ:CBNK - Get Free Report) announced its earnings results on Monday. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26, Zacks reports. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. During the same quarter in the prior year, the business posted $0.65 EPS.
Capital Bancorp Stock Performance
NASDAQ:CBNK traded up $0.55 during mid-day trading on Monday, hitting $29.51. The company's stock had a trading volume of 31,024 shares, compared to its average volume of 45,264. The stock has a market cap of $488.69 million, a price-to-earnings ratio of 12.67 and a beta of 0.51. Capital Bancorp has a 1 year low of $19.02 and a 1 year high of $31.22. The business's fifty day moving average is $28.77 and its two-hundred day moving average is $26.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.
Insider Activity at Capital Bancorp
In related news, CFO Dominic C. Canuso acquired 1,000 shares of the firm's stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, with a total value of $25,520.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Poynot bought 2,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $25.36 per share, with a total value of $50,720.00. Following the purchase, the chief operating officer now directly owns 4,503 shares of the company's stock, valued at approximately $114,196.08. This represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods boosted their price target on Capital Bancorp from $28.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.
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Capital Bancorp Company Profile
(
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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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