Capital Bancorp, Inc. (NASDAQ:CBNK) EVP Dominic C. Canuso Acquires 600 Shares

Capital Bancorp, Inc. (NASDAQ:CBNKGet Free Report) EVP Dominic C. Canuso acquired 600 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $31.11 per share, with a total value of $18,666.00. Following the completion of the acquisition, the executive vice president owned 4,834 shares of the company’s stock, valued at $150,385.74. This represents a 14.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Capital Bancorp Stock Performance

Shares of NASDAQ CBNK opened at $31.48 on Friday. The stock has a 50 day moving average price of $33.24 and a 200 day moving average price of $30.94. Capital Bancorp, Inc. has a 52 week low of $22.68 and a 52 week high of $36.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $524.46 million, a PE ratio of 11.79 and a beta of 0.69.

Capital Bancorp (NASDAQ:CBNKGet Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.04). Capital Bancorp had a net margin of 15.14% and a return on equity of 16.06%. The company had revenue of $60.75 million for the quarter, compared to analyst estimates of $61.29 million. Analysts predict that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Monday, August 11th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.5%. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 11th. Capital Bancorp’s payout ratio is currently 14.98%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in Capital Bancorp during the first quarter valued at approximately $464,000. Northern Trust Corp boosted its position in Capital Bancorp by 12.9% during the fourth quarter. Northern Trust Corp now owns 89,869 shares of the financial services provider’s stock valued at $2,561,000 after purchasing an additional 10,245 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Capital Bancorp by 33.8% in the fourth quarter. Bank of America Corp DE now owns 11,365 shares of the financial services provider’s stock valued at $324,000 after buying an additional 2,873 shares during the last quarter. Barclays PLC lifted its position in shares of Capital Bancorp by 27.6% in the fourth quarter. Barclays PLC now owns 15,208 shares of the financial services provider’s stock valued at $433,000 after buying an additional 3,290 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Capital Bancorp by 118.4% in the fourth quarter. JPMorgan Chase & Co. now owns 42,491 shares of the financial services provider’s stock valued at $1,211,000 after buying an additional 23,033 shares during the last quarter. 56.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CBNK shares. Keefe, Bruyette & Woods increased their price objective on Capital Bancorp from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Hovde Group increased their price objective on Capital Bancorp from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday.

Get Our Latest Analysis on Capital Bancorp

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.

Further Reading

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