Maltese Capital Management LLC Lowers Stake in Capital Bancorp, Inc. $CBNK

Maltese Capital Management LLC cut its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 27.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,829 shares of the financial services provider’s stock after selling 33,347 shares during the quarter. Maltese Capital Management LLC owned about 0.53% of Capital Bancorp worth $2,474,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at about $29,000. State of Alaska Department of Revenue increased its position in Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 908 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Capital Bancorp in the third quarter valued at approximately $61,000. Daytona Street Capital LLC purchased a new position in Capital Bancorp in the fourth quarter valued at approximately $72,000. Finally, Franklin Resources Inc. acquired a new position in Capital Bancorp during the second quarter valued at approximately $201,000. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBNK has been the subject of several recent research reports. Weiss Ratings raised shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Capital Bancorp currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Capital Bancorp Stock Down 2.4%

NASDAQ CBNK opened at $33.24 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Capital Bancorp, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $36.40. The business has a 50 day moving average price of $31.66 and a two-hundred day moving average price of $30.34. The stock has a market cap of $541.48 million, a PE ratio of 10.04 and a beta of 0.55.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The firm had revenue of $62.77 million for the quarter, compared to analyst estimates of $62.41 million. As a group, sell-side analysts predict that Capital Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were issued a $0.12 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Capital Bancorp’s payout ratio is currently 14.50%.

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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.