Capital Bancorp, Inc. (NASDAQ:CBNK) CFO Dominic C. Canuso Buys 1,000 Shares

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) CFO Dominic C. Canuso acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at $51,040. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Capital Bancorp Stock Down 1.1 %

Shares of CBNK stock traded down $0.28 on Monday, hitting $25.26. 42,092 shares of the stock were exchanged, compared to its average volume of 23,994. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $351.44 million, a P/E ratio of 10.84 and a beta of 0.47. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $26.20. The business has a 50-day moving average of $25.10 and a 200 day moving average of $22.73.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its earnings results on Monday, October 28th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The firm had revenue of $59.25 million during the quarter. Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. Equities analysts anticipate that Capital Bancorp, Inc. will post 2.59 EPS for the current year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, November 4th. Capital Bancorp's dividend payout ratio (DPR) is currently 17.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Capital Bancorp from $25.00 to $27.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 23rd. Hovde Group increased their price objective on shares of Capital Bancorp from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th.

Institutional Investors Weigh In On Capital Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Capital Bancorp by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 575 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Capital Bancorp during the 1st quarter worth approximately $26,000. Kennedy Capital Management LLC grew its stake in shares of Capital Bancorp by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 38,210 shares of the financial services provider's stock valued at $796,000 after buying an additional 1,361 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Capital Bancorp by 80.9% during the first quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider's stock worth $103,000 after buying an additional 2,210 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Capital Bancorp by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider's stock worth $1,212,000 after acquiring an additional 3,331 shares in the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

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.