Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Update

Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 28,700 shares, a decrease of 90.3% from the September 30th total of 296,600 shares. Approximately 0.3% of the company's shares are short sold. Based on an average trading volume of 25,500 shares, the short-interest ratio is currently 1.1 days.

Insider Transactions at Capital Bancorp

In related news, Director Mary Ann Scully purchased 2,000 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of $25.14 per share, for a total transaction of $50,280.00. Following the acquisition, the director now directly owns 13,536 shares in the company, valued at $340,295.04. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 32.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CBNK. Lazard Asset Management LLC acquired a new stake in Capital Bancorp during the 1st quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its holdings in Capital Bancorp by 80.9% in the first quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 2,210 shares in the last quarter. Renaissance Technologies LLC bought a new position in Capital Bancorp during the 2nd quarter valued at $256,000. Janney Montgomery Scott LLC increased its position in shares of Capital Bancorp by 4.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,200 shares of the financial services provider's stock worth $275,000 after purchasing an additional 575 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Capital Bancorp in the 2nd quarter worth about $304,000. 56.14% of the stock is owned by institutional investors and hedge funds.

Capital Bancorp Stock Down 1.4 %

Shares of NASDAQ CBNK traded down $0.35 on Friday, hitting $24.12. The company had a trading volume of 17,728 shares, compared to its average volume of 23,698. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. Capital Bancorp has a 12-month low of $19.02 and a 12-month high of $26.20. The firm has a market capitalization of $335.08 million, a P/E ratio of 10.31 and a beta of 0.47. The business has a 50 day moving average of $25.02 and a two-hundred day moving average of $22.49.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The company had revenue of $57.51 million during the quarter, compared to analysts' expectations of $42.70 million. Capital Bancorp had a return on equity of 13.34% and a net margin of 15.35%. As a group, equities research analysts forecast that Capital Bancorp will post 2.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBNK. Keefe, Bruyette & Woods lifted their price objective on Capital Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a research note on Tuesday, July 23rd. Hovde Group lifted their price target on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th.

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.