Kennedy Capital Management LLC Has $4.07 Million Stock Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Kennedy Capital Management LLC increased its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 213.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,846 shares of the financial services provider's stock after purchasing an additional 97,258 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.86% of Capital Bancorp worth $4,071,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CBNK. Picton Mahoney Asset Management increased its stake in shares of Capital Bancorp by 123.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider's stock worth $32,000 after purchasing an additional 626 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Capital Bancorp by 194.7% during the 4th 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 position in Capital Bancorp during the fourth quarter worth $109,000. Wells Fargo & Company MN increased its holdings in shares of Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,177 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 worth $201,000 after buying an additional 5,937 shares during the period. Institutional investors own 56.14% of the company's stock.

Capital Bancorp Price Performance

NASDAQ:CBNK traded up $0.38 during trading hours on Friday, reaching $27.63. 51,440 shares of the company were exchanged, compared to its average volume of 38,359. The company has a market capitalization of $460.23 million, a P/E ratio of 12.97 and a beta of 0.52. 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 business has a 50 day moving average of $28.91 and a 200 day moving average of $28.32. Capital Bancorp, Inc. has a 1-year low of $19.02 and a 1-year high of $32.88.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last posted its quarterly earnings data 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 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. Research analysts forecast that Capital Bancorp, Inc. will post 3.17 EPS for the current year.

Capital Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given 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 yield of 1.45%. Capital Bancorp's dividend payout ratio is currently 18.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CBNK shares. 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 upped 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.

Insider Buying and Selling 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 value of $468,350.00. Following the sale, the director now owns 100,000 shares in the company, valued at $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 32.50% of the company's stock.

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.