Capital Bancorp, Inc. (NASDAQ:CBNK - Get Free Report) COO Steven M. Poynot purchased 2,000 shares of Capital Bancorp stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $25.36 per share, with a total value of $50,720.00. Following the acquisition, the chief operating officer now owns 4,503 shares of the company's stock, valued at approximately $114,196.08. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Capital Bancorp Price Performance
Shares of CBNK opened at $29.39 on Thursday. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $29.48. The stock's fifty day moving average is $25.20 and its 200-day moving average is $22.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $408.81 million, a price-to-earnings ratio of 12.61 and a beta of 0.47.
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). Capital Bancorp had a net margin of 14.49% and a return on equity of 12.90%. The company had revenue of $59.25 million for the quarter. Equities analysts anticipate that Capital Bancorp, Inc. will post 2.47 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 given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. Capital Bancorp's dividend payout ratio (DPR) is 17.17%.
Hedge Funds Weigh In On Capital Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Capital Bancorp by 14.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 208,364 shares of the financial services provider's stock valued at $4,271,000 after buying an additional 26,091 shares during the period. Kendall Capital Management bought a new stake in Capital Bancorp in the second quarter worth about $1,664,000. Acadian Asset Management LLC lifted its holdings in Capital Bancorp by 11.9% in the 1st quarter. Acadian Asset Management LLC now owns 55,567 shares of the financial services provider's stock valued at $1,155,000 after acquiring an additional 5,893 shares during the last quarter. Wealthspire Advisors LLC bought a new position in shares of Capital Bancorp during the 2nd quarter valued at about $1,577,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Capital Bancorp in the 2nd quarter worth approximately $304,000. 56.14% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on CBNK shares. Hovde Group lifted their price objective 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. Keefe, Bruyette & Woods lifted their price target on Capital Bancorp from $25.00 to $27.00 and gave the company a "market perform" rating in a report on Tuesday, July 23rd.
Get Our Latest Report on CBNK
Capital Bancorp Company Profile
(
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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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