Vanguard Group Inc. Boosts Stock Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Vanguard Group Inc. lifted its stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 558,300 shares of the financial services provider's stock after acquiring an additional 70,420 shares during the quarter. Vanguard Group Inc. owned 3.37% of Capital Bancorp worth $15,912,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CBNK. American Century Companies Inc. increased its stake in Capital Bancorp by 79.1% during the 4th quarter. American Century Companies Inc. now owns 85,449 shares of the financial services provider's stock worth $2,435,000 after buying an additional 37,746 shares during the period. Wedge Capital Management L L P NC increased its stake in Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider's stock worth $2,679,000 after buying an additional 22,381 shares during the period. Salzhauer Michael purchased a new stake in Capital Bancorp during the 4th quarter worth approximately $490,000. Belvedere Trading LLC purchased a new stake in Capital Bancorp during the 4th quarter worth approximately $399,000. Finally, Harbor Advisors LLC purchased a new stake in Capital Bancorp during the 4th quarter worth approximately $328,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Capital Bancorp Stock Up 3.1 %

NASDAQ CBNK traded up $0.86 during trading on Wednesday, reaching $29.02. 2,470 shares of the company's stock were exchanged, compared to its average volume of 38,428. The stock has a market cap of $483.42 million, a P/E ratio of 13.63 and a beta of 0.52. 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 company has a 50 day moving average price of $28.64 and a two-hundred day moving average price of $28.40. Capital Bancorp, Inc. has a 1 year low of $19.26 and a 1 year high of $32.88.

Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp's payout ratio is currently 18.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CBNK shares. Hovde Group cut their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Keefe, Bruyette & Woods boosted their target price on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a "market perform" rating in a research note on Friday, February 7th.

Insider Activity

In other news, Director Randall James Levitt sold 14,500 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now directly owns 100,000 shares of the company's stock, valued at approximately $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.50% of the company's stock.

Capital Bancorp 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.