Capital Bancorp Inc (NASDAQ:CBNK) EVP Kathy Yamada Sells 4,000 Shares

Capital Bancorp Inc (NASDAQ:CBNK) EVP Kathy Yamada sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $11.89, for a total transaction of $47,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:CBNK traded down $0.03 on Friday, reaching $11.97. The company’s stock had a trading volume of 11,282 shares, compared to its average volume of 12,336. Capital Bancorp Inc has a 52-week low of $10.21 and a 52-week high of $14.28. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $18.84 million for the quarter. Sell-side analysts predict that Capital Bancorp Inc will post 1.08 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Capital Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Capital Bancorp during the fourth quarter worth about $3,405,000. Bronfman E.L. Rothschild L.P. purchased a new position in Capital Bancorp during the fourth quarter worth about $2,413,000. Pacific Ridge Capital Partners LLC raised its holdings in Capital Bancorp by 30.7% during the first quarter. Pacific Ridge Capital Partners LLC now owns 189,552 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 44,509 shares in the last quarter. Northern Trust Corp raised its holdings in Capital Bancorp by 9.2% during the first quarter. Northern Trust Corp now owns 61,341 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 5,159 shares in the last quarter. Finally, Planning Solutions Group LLC purchased a new position in Capital Bancorp during the first quarter worth about $683,000. 21.95% of the stock is owned by hedge funds and other institutional investors.

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About Capital Bancorp

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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