Geode Capital Management LLC acquired a new position in shares of Capital Bancorp Inc (NASDAQ:CBNK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,684 shares of the financial services provider’s stock, valued at approximately $247,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CBNK. Glassman Wealth Services bought a new position in shares of Capital Bancorp during the 4th quarter worth approximately $312,000. Vanguard Group Inc bought a new position in shares of Capital Bancorp during the 3rd quarter worth approximately $382,000. Vanguard Group Inc. bought a new position in shares of Capital Bancorp during the 3rd quarter worth approximately $382,000. Southside Capital LLC bought a new position in shares of Capital Bancorp during the 4th quarter worth approximately $540,000. Finally, Northern Trust Corp bought a new position in shares of Capital Bancorp during the 4th quarter worth approximately $641,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Capital Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.50.
Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $18.84 million for the quarter. Research analysts forecast that Capital Bancorp Inc will post 1.09 earnings per share for the current fiscal year.
Capital Bancorp Profile
Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.
Recommended Story: Relative Strength Index
Want to see what other hedge funds are holding CBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Bancorp Inc (NASDAQ:CBNK).
Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.