Capital Bancorp (NASDAQ:CBNK) Sets New 52-Week High - Still a Buy?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $31.22 and last traded at $30.55, with a volume of 4596 shares traded. The stock had previously closed at $30.79.

Wall Street Analysts Forecast Growth

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

Capital Bancorp Trading Down 1.6 %

The company has a market cap of $501.54 million, a P/E ratio of 13.00 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. The business has a 50 day moving average price of $27.36 and a 200-day moving average price of $24.63.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $59.25 million for the quarter. Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. Analysts forecast 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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Monday, November 4th. Capital Bancorp's dividend payout ratio is 17.17%.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, CFO Dominic C. Canuso acquired 1,000 shares of the business's stock in a transaction on Monday, November 4th. The stock was purchased at an average price of $25.52 per share, with a total value of $25,520.00. Following the acquisition, the chief financial officer now directly owns 2,000 shares of the company's stock, valued at approximately $51,040. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Poynot acquired 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were bought at an average price of $25.36 per share, for a total transaction of $50,720.00. Following the purchase, the chief operating officer now owns 4,503 shares in the company, valued at approximately $114,196.08. This trade represents a 79.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company's stock.

Institutional Trading of Capital Bancorp

Large investors have recently modified their holdings of the stock. State Street Corp lifted its position in Capital Bancorp by 0.9% during the third quarter. State Street Corp now owns 175,639 shares of the financial services provider's stock worth $4,516,000 after purchasing an additional 1,526 shares during the period. Martingale Asset Management L P raised its position in shares of 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 valued at $704,000 after buying an additional 2,511 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital Bancorp by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider's stock valued at $1,212,000 after buying an additional 3,331 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Capital Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider's stock worth $2,291,000 after acquiring an additional 4,422 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock worth $201,000 after acquiring an additional 5,937 shares in the last quarter. 56.14% of the stock is 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.