Harbor Advisors LLC Makes New $328,000 Investment in Capital Bancorp, Inc. (NASDAQ:CBNK)

Harbor Advisors LLC purchased a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,517 shares of the financial services provider's stock, valued at approximately $328,000. Harbor Advisors LLC owned approximately 0.07% of Capital Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management increased its stake in 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 valued at $32,000 after buying an additional 626 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Capital Bancorp during the 4th quarter worth $109,000. Praetorian Wealth Management Inc. purchased a new position in shares of Capital Bancorp in the fourth quarter worth about $205,000. BNP Paribas Financial Markets raised its holdings in Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock valued at $201,000 after acquiring an additional 5,937 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Capital Bancorp during the 3rd quarter valued at $276,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Trading Down 0.2 %

Shares of NASDAQ:CBNK traded down $0.07 during trading on Thursday, reaching $28.75. 49,136 shares of the company traded hands, compared to its average volume of 35,800. The business's fifty day moving average is $30.05 and its 200-day moving average is $28.11. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $32.88. 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 firm has a market capitalization of $478.80 million, a price-to-earnings ratio of 13.50 and a beta of 0.54.

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Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results 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 earnings per share. As a group, analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp's payout ratio is currently 18.78%.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the firm'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 transaction, the director now owns 100,000 shares of the company's stock, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.50% of the company's stock.

Analysts Set New Price Targets

CBNK has been the subject of a number of analyst reports. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Friday, February 7th.

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.