Fourthstone LLC Acquires 71,627 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Fourthstone LLC increased its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 138.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,178 shares of the financial services provider's stock after purchasing an additional 71,627 shares during the period. Capital Bancorp makes up 0.7% of Fourthstone LLC's portfolio, making the stock its 27th biggest position. Fourthstone LLC owned approximately 0.74% of Capital Bancorp worth $3,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management lifted its stake in Capital Bancorp by 123.0% in the fourth 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 in the last quarter. Federated Hermes Inc. raised its holdings in shares of Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider's stock worth $101,000 after acquiring an additional 2,331 shares during the period. SG Americas Securities LLC bought a new stake in Capital Bancorp in the 4th quarter valued at $109,000. Wells Fargo & Company MN boosted its stake in Capital Bancorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,177 shares during the period. Finally, Praetorian Wealth Management Inc. acquired a new position in Capital Bancorp in the 4th quarter worth $205,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company's stock, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 32.50% of the company's stock.

Capital Bancorp Stock Performance

CBNK traded up $0.38 on Friday, reaching $27.63. The company had a trading volume of 51,440 shares, compared to its average volume of 38,484. The company's fifty day moving average is $28.81 and its 200 day moving average is $28.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $460.23 million, a P/E ratio of 12.97 and a beta of 0.52. Capital Bancorp, Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $32.88.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly 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 return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, analysts predict that Capital Bancorp, Inc. will post 3.17 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, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, February 10th. Capital Bancorp's dividend payout ratio is 18.78%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Hovde Group cut their price target on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a report 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 report on Friday, February 7th.

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.