Geode Capital Management LLC Grows Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Geode Capital Management LLC grew its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 240,893 shares of the financial services provider's stock after acquiring an additional 33,009 shares during the period. Geode Capital Management LLC owned about 1.45% of Capital Bancorp worth $6,867,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management raised its position in shares of Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock worth $32,000 after acquiring an additional 626 shares in the last quarter. SG Americas Securities LLC bought a new position in Capital Bancorp during the 4th quarter valued at $109,000. Praetorian Wealth Management Inc. bought a new position in shares of Capital Bancorp during the 4th quarter worth approximately $205,000. Barclays PLC increased its position in shares of Capital Bancorp by 297.3% during the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 8,918 shares during the last quarter. Finally, Harbor Advisors LLC bought a new position in Capital Bancorp during the fourth quarter valued at $328,000. 56.14% of the stock is owned by institutional investors.

Capital Bancorp Stock Up 7.1 %

Capital Bancorp stock traded up $2.01 on Tuesday, hitting $30.29. 13,372 shares of the stock traded hands, compared to its average volume of 38,522. 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 business's fifty day simple moving average is $28.33 and its 200 day simple moving average is $28.53. Capital Bancorp, Inc. has a 1 year low of $19.26 and a 1 year high of $32.88. The firm has a market cap of $504.46 million, a P/E ratio of 14.30 and a beta of 0.52.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.21. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. The business had revenue of $58.60 million for the quarter, compared to analysts' expectations of $57.54 million. As a group, sell-side analysts forecast that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp's dividend payout ratio is currently 18.78%.

Analyst Ratings Changes

A number of brokerages have issued reports on CBNK. Hovde Group lowered their target price on shares of 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 lifted 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 note on Friday, February 7th.

Insider Buying and Selling

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.50% of the stock is currently owned by corporate insiders.

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.