Capital Bancorp (NASDAQ:CBNK) Sees Unusually-High Trading Volume - What's Next?

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) saw unusually-high trading volume on Friday . Approximately 85,427 shares changed hands during trading, an increase of 68% from the previous session's volume of 50,837 shares.The stock last traded at $31.67 and had previously closed at $32.22.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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 Stock Up 0.9 %

The business has a 50-day moving average price of $29.75 and a 200-day moving average price of $27.47. The stock has a market cap of $508.50 million, a PE ratio of 14.42 and a beta of 0.50. 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 quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business earned $0.65 EPS. As a group, analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp's payout ratio is 18.78%.

Insiders Place Their Bets

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 value of $468,350.00. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new position in Capital Bancorp during the fourth quarter worth about $499,000. Squarepoint Ops LLC lifted its stake in Capital Bancorp by 37.9% in the 4th quarter. Squarepoint Ops LLC now owns 21,302 shares of the financial services provider's stock worth $607,000 after purchasing an additional 5,851 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Capital Bancorp by 19.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,749 shares of the financial services provider's stock worth $306,000 after purchasing an additional 1,754 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Capital Bancorp in the fourth quarter valued at approximately $219,000. Finally, Corton Capital Inc. purchased a new stake in shares of Capital Bancorp in the fourth quarter valued at approximately $247,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

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.