Gator Capital Management LLC acquired a new position in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,796 shares of the financial services provider's stock, valued at approximately $992,000. Gator Capital Management LLC owned approximately 0.21% of Capital Bancorp at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock worth $306,000 after purchasing an additional 8,918 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Capital Bancorp by 91.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider's stock worth $585,000 after acquiring an additional 9,798 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Capital Bancorp by 317.1% in the third 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. Wedge Capital Management L L P NC grew its stake in shares of Capital Bancorp by 31.3% in the fourth 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 last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider's stock valued at $500,000 after acquiring an additional 7,879 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CBNK. 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. Hovde Group reduced their target price on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Monday, March 17th.
Check Out Our Latest Stock Analysis on Capital Bancorp
Insider Transactions at Capital Bancorp
In related news, Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Company insiders own 32.50% of the company's stock.
Capital Bancorp Stock Performance
NASDAQ:CBNK traded down $0.14 during mid-day trading on Friday, reaching $26.27. The company's stock had a trading volume of 12,592 shares, compared to its average volume of 37,355. The firm's fifty day moving average price is $29.40 and its two-hundred day moving average price is $28.28. 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 stock has a market cap of $437.57 million, a P/E ratio of 12.36 and a beta of 0.52. Capital Bancorp, Inc. has a 12-month low of $19.02 and a 12-month high of $32.88.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share 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 quarter in the previous year, the business earned $0.65 earnings per share. On average, equities analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.
Capital Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Capital Bancorp's payout ratio is 18.78%.
Capital Bancorp Company Profile
(
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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