Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) CFO Dominic C. Canuso purchased 1,000 shares of the business's stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $25.52 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Capital Bancorp Stock Performance
NASDAQ:CBNK opened at $25.26 on Tuesday. The business's fifty day moving average is $25.10 and its 200 day moving average is $22.73. The firm has a market cap of $351.44 million, a price-to-earnings ratio of 10.84 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. Capital Bancorp, Inc. has a 52-week low of $19.02 and a 52-week high of $26.20.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.90% and a net margin of 14.49%. The firm had revenue of $59.25 million during the quarter. Research analysts predict that Capital Bancorp, Inc. will post 2.59 EPS for the current year.
Capital Bancorp Announces Dividend
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, November 4th. Capital Bancorp's dividend payout ratio is presently 17.17%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Hovde Group upped their price objective on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a research note on Tuesday, July 23rd.
Read Our Latest Research Report on CBNK
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised 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 worth $275,000 after buying an additional 575 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Capital Bancorp in the 1st quarter valued at about $26,000. Kennedy Capital Management LLC boosted its position in shares of Capital Bancorp by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 38,210 shares of the financial services provider's stock valued at $796,000 after acquiring an additional 1,361 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 2,210 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Capital Bancorp by 6.0% in 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 purchasing an additional 3,331 shares during the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.
Capital Bancorp Company Profile
(
Get Free Report)
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.
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