EAM Investors LLC bought a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 33,214 shares of the financial services provider's stock, valued at approximately $947,000. EAM Investors LLC owned about 0.20% of Capital Bancorp as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in shares of Capital Bancorp by 70.4% in the 4th quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider's stock worth $17,512,000 after acquiring an additional 253,819 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Capital Bancorp by 213.3% during the fourth quarter. Kennedy Capital Management LLC now owns 142,846 shares of the financial services provider's stock valued at $4,071,000 after buying an additional 97,258 shares during the last quarter. Vanguard Group Inc. grew its holdings in Capital Bancorp by 14.4% in the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider's stock worth $15,912,000 after buying an additional 70,420 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in Capital Bancorp in the 4th quarter valued at approximately $1,191,000. Finally, American Century Companies Inc. raised its stake in Capital Bancorp by 79.1% during the 4th quarter. American Century Companies Inc. now owns 85,449 shares of the financial services provider's stock valued at $2,435,000 after acquiring an additional 37,746 shares in the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CBNK shares. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Keefe, Bruyette & Woods upped 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, February 7th.
Get Our Latest Stock Analysis on Capital Bancorp
Capital Bancorp Price Performance
Capital Bancorp stock traded up $0.65 during mid-day trading on Tuesday, hitting $27.92. The company's stock had a trading volume of 3,862 shares, compared to its average volume of 38,362. The stock has a market capitalization of $465.05 million, a P/E ratio of 13.10 and a beta of 0.52. Capital Bancorp, Inc. has a twelve month low of $19.26 and a twelve month high of $32.88. The stock's fifty day moving average price is $28.72 and its two-hundred day moving average price is $28.40. 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 issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter last year, the business posted $0.65 EPS. Research analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.
Capital Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. Capital Bancorp's payout ratio is presently 18.78%.
Insider Buying and Selling
In other news, Director Randall James Levitt sold 14,500 shares of the company's 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 completion of the transaction, the director now directly owns 100,000 shares in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 32.50% of the company's stock.
About Capital Bancorp
(
Free Report)
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.
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