HighPoint Advisor Group LLC Buys Shares of 41,798 Capital Bancorp, Inc. (NASDAQ:CBNK)

HighPoint Advisor Group LLC acquired 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 acquired 41,798 shares of the financial services provider's stock, valued at approximately $1,191,000. HighPoint Advisor Group LLC owned 0.25% of Capital Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew 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 acquiring an additional 626 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Capital Bancorp in the fourth quarter valued at about $109,000. BNP Paribas Financial Markets increased its stake in shares of Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock worth $201,000 after purchasing an additional 5,937 shares in the last quarter. Praetorian Wealth Management Inc. acquired a new position in shares of Capital Bancorp during the 4th quarter worth about $205,000. Finally, Barclays PLC lifted its stake in Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider's stock valued at $306,000 after buying an additional 8,918 shares in the last quarter. Institutional investors and hedge funds own 56.14% of the company's stock.

Insider Activity

In related 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 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 represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 32.50% of the company's stock.

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Capital Bancorp Price Performance

NASDAQ CBNK traded down $1.53 during trading hours on Thursday, hitting $26.66. 45,867 shares of the company's stock traded hands, compared to its average volume of 36,825. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The firm's 50-day moving average is $29.95 and its 200-day moving average is $28.22. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $32.88. The company has a market capitalization of $444.00 million, a PE ratio of 12.52 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (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 period last year, the firm earned $0.65 earnings per share. Equities analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The business 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 of this dividend was Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. Capital Bancorp's dividend payout ratio is presently 18.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised their target price on Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a research report on Friday, February 7th. Hovde Group decreased their price objective on Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, March 17th.

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.