Capital Bancorp (NASDAQ:CBNK) Sees Large Volume Increase - Time to Buy?

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) shares saw an uptick in trading volume on Friday . 25,049 shares changed hands during trading, a decline of 8% from the previous session's volume of 27,275 shares.The stock last traded at $30.22 and had previously closed at $30.62.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $28.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

Capital Bancorp Price Performance

The company has a market cap of $507.73 million, a PE ratio of 13.16 and a beta of 0.50. The company's 50-day simple moving average is $27.24 and its 200 day simple moving average is $24.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.02). The company had revenue of $59.25 million for the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.66%. On average, sell-side analysts predict that Capital Bancorp, Inc. will post 2.37 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp's dividend payout ratio (DPR) is presently 17.17%.

Insider Buying and Selling at Capital Bancorp

In related news, CFO Dominic C. Canuso bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the acquisition, the chief financial officer now directly owns 2,000 shares of the company's stock, valued at $51,040. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Steven M. Poynot bought 2,000 shares of Capital Bancorp 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 completion of the acquisition, the chief operating officer now owns 4,503 shares of the company's stock, valued at $114,196.08. The trade was 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 corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Capital Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider's stock valued at $9,103,000 after acquiring an additional 4,019 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Capital Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider's stock worth $1,212,000 after buying an additional 3,331 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Capital Bancorp by 32.0% during the second quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider's stock valued at $1,502,000 after buying an additional 17,784 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Capital Bancorp during the second quarter valued at $1,577,000. Finally, Dimensional Fund Advisors LP lifted its stake in Capital Bancorp by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,234 shares of the financial services provider's stock worth $4,658,000 after acquiring an additional 9,461 shares in the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Company Profile

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.