Kennedy Capital Management LLC Increases Stock Position in Capital Bancorp, Inc. $CBNK

Kennedy Capital Management LLC raised its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,480 shares of the financial services provider’s stock after acquiring an additional 35,976 shares during the period. Kennedy Capital Management LLC’s holdings in Capital Bancorp were worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CBNK. Geode Capital Management LLC lifted its holdings in shares of Capital Bancorp by 16.7% in the 2nd quarter. Geode Capital Management LLC now owns 282,690 shares of the financial services provider’s stock valued at $9,495,000 after purchasing an additional 40,489 shares during the last quarter. American Century Companies Inc. grew its stake in Capital Bancorp by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 168,797 shares of the financial services provider’s stock worth $5,668,000 after buying an additional 19,135 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Capital Bancorp by 129.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after buying an additional 86,062 shares during the period. Elizabeth Park Capital Advisors Ltd. lifted its stake in Capital Bancorp by 21.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 125,213 shares of the financial services provider’s stock valued at $3,547,000 after buying an additional 21,948 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Capital Bancorp by 6.7% in the first quarter. Russell Investments Group Ltd. now owns 114,276 shares of the financial services provider’s stock valued at $3,237,000 after acquiring an additional 7,157 shares during the period. Institutional investors and hedge funds own 56.14% of the company’s stock.

Insider Activity

In other news, CFO Dominic C. Canuso sold 3,400 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.95, for a total transaction of $95,030.00. Following the completion of the transaction, the chief financial officer directly owned 1,434 shares of the company’s stock, valued at approximately $40,080.30. This represents a 70.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Capital Bancorp in a research note on Tuesday. Stephens reduced their target price on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Hovde Group lowered their price target on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Zacks Research cut Capital Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Capital Bancorp currently has an average rating of “Hold” and a consensus target price of $34.33.

Capital Bancorp Stock Up 0.1%

Shares of Capital Bancorp stock opened at $28.49 on Friday. Capital Bancorp, Inc. has a one year low of $24.69 and a one year high of $36.40. 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 debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.03. The firm has a fifty day moving average of $28.69 and a two-hundred day moving average of $31.58.

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

Capital Bancorp Dividend Announcement

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

About Capital Bancorp

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.