Capital Bancorp (NASDAQ:CBNK) Shares Gap Down - What's Next?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $32.08, but opened at $31.06. Capital Bancorp shares last traded at $31.94, with a volume of 5,133 shares.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a research report on Friday, February 7th.

Capital Bancorp Price Performance

The company's 50-day moving average price is $29.65 and its two-hundred day moving average price is $27.19. The company has a market cap of $535.32 million, a P/E ratio of 15.18 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 released its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping 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 in the prior year, the company posted $0.65 earnings per share. As a group, sell-side analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, February 10th. Capital Bancorp's dividend payout ratio is presently 18.78%.

Insider Activity at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the sale, the director now owns 100,000 shares of the company's stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 32.50% of the company's stock.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in shares of Capital Bancorp by 0.4% during the fourth quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider's stock valued at $2,550,000 after buying an additional 369 shares during the last quarter. Picton Mahoney Asset Management increased its stake in Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock valued at $32,000 after buying an additional 626 shares during the period. Rhumbline Advisers increased its stake in Capital Bancorp by 5.9% during the 4th quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider's stock valued at $439,000 after buying an additional 854 shares during the period. Wealthspire Advisors LLC increased its stake in Capital Bancorp by 1.5% during the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider's stock valued at $2,228,000 after buying an additional 1,130 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Capital Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,177 shares during the period. Institutional investors own 56.14% of the company's stock.

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.