Capital Bancorp (NASDAQ:CBNK) Stock Passes Above 200-Day Moving Average - Here's Why

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.79 and traded as high as $31.82. Capital Bancorp shares last traded at $31.60, with a volume of 33,250 shares traded.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a research note on Friday.

Capital Bancorp Price Performance

The company has a 50 day simple moving average of $29.37 and a 200 day simple moving average of $26.88. The company has a market capitalization of $533.50 million, a price-to-earnings ratio of 15.13 and a beta of 0.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 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 period last year, the business earned $0.65 EPS. As a group, research analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given 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 yield of 1.24%. Capital Bancorp's dividend payout ratio (DPR) is 18.78%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fourthstone LLC boosted its position in shares of Capital Bancorp by 104.6% in the third quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider's stock worth $1,325,000 after buying an additional 26,358 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Capital Bancorp by 31.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock worth $2,679,000 after acquiring an additional 22,381 shares during the period. Salzhauer Michael acquired a new stake in Capital Bancorp in the fourth quarter valued at approximately $490,000. Squarepoint Ops LLC purchased a new stake in shares of Capital Bancorp during the second quarter valued at approximately $304,000. Finally, Belvedere Trading LLC acquired a new position in shares of Capital Bancorp during the fourth quarter worth $399,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

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.