Geode Capital Management LLC Takes Position in Capital Bancorp Inc (CBNK)

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.

NASDAQ CBNK opened at $11.73 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market cap of $160.10 million and a P/E ratio of 11.50. Capital Bancorp Inc has a 52 week low of $10.21 and a 52 week high of $14.28.

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.

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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.

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Institutional Ownership by Quarter for Capital Bancorp (NASDAQ:CBNK)

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