Salzhauer Michael Invests $490,000 in Capital Bancorp, Inc. (NASDAQ:CBNK)

Salzhauer Michael acquired a new position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,208 shares of the financial services provider's stock, valued at approximately $490,000. Salzhauer Michael owned about 0.10% of Capital Bancorp at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CBNK. SG Americas Securities LLC acquired a new position in shares of Capital Bancorp during the 4th quarter worth about $109,000. BNP Paribas Financial Markets grew its stake in Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider's stock valued at $201,000 after buying an additional 5,937 shares during the last quarter. Praetorian Wealth Management Inc. acquired a new position in Capital Bancorp in the 4th quarter valued at about $205,000. Renaissance Technologies LLC acquired a new position in Capital Bancorp in the 2nd quarter valued at about $256,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Capital Bancorp in the 3rd quarter valued at about $276,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital Bancorp

In other news, Director Randall James Levitt sold 14,500 shares of the company'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 sale, the director now owns 100,000 shares of the company's stock, valued at approximately $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.50% of the company's stock.

Capital Bancorp Stock Performance

CBNK traded up $0.04 on Thursday, reaching $32.08. The company had a trading volume of 30,696 shares, compared to its average volume of 53,045. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market cap of $531.24 million, a P/E ratio of 15.06 and a beta of 0.50. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.47. The company's fifty day moving average is $29.51 and its 200 day moving average is $27.03.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $0.65 earnings per share. As a group, analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp's dividend payout ratio is currently 18.78%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a "market perform" rating in a research note 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.