Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $34.33 Consensus Target Price from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.3333.

Several brokerages have weighed in on CBNK. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Bancorp in a research report on Tuesday. Hovde Group dropped their price objective on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Zacks Research downgraded Capital Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Stephens dropped their price objective on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods cut their target price on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th.

Insider Buying and Selling at Capital Bancorp

In related news, CFO Dominic C. Canuso sold 3,400 shares of Capital Bancorp stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total transaction of $95,030.00. Following the transaction, the chief financial officer owned 1,434 shares in the company, valued at approximately $40,080.30. The trade was a 70.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 31.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp during the 3rd quarter valued at about $29,000. Aquatic Capital Management LLC purchased a new position in Capital Bancorp in the 3rd quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey grew its position in Capital Bancorp by 46.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 852 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Capital Bancorp by 12.7% during the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 449 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Capital Bancorp during the second quarter worth $201,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

Capital Bancorp Price Performance

Shares of NASDAQ:CBNK opened at $28.49 on Friday. Capital Bancorp has a 52 week low of $24.69 and a 52 week high of $36.40. The company has a 50-day moving average price of $28.69 and a 200 day moving average price of $31.58. The company has a market cap of $470.65 million, a P/E ratio of 9.69 and a beta of 0.68. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. Capital Bancorp had a return on equity of 15.13% and a net margin of 16.41%.The business had revenue of $21.01 million during the quarter. Research analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Capital Bancorp’s dividend payout ratio is presently 16.33%.

Capital Bancorp Company Profile

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.