Keefe, Bruyette & Woods Boosts Capital Bancorp (NASDAQ:CBNK) Price Target to $40.00

Capital Bancorp (NASDAQ:CBNK) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $35.00 to $40.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.37% from the company’s previous close.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Capital Bancorp Price Performance

Shares of CBNK traded up $0.63 during mid-day trading on Monday, reaching $37.96. The company had a trading volume of 21,056 shares, compared to its average volume of 62,964. The company has a market capitalization of $618.37 million, a price-to-earnings ratio of 11.16 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $31.91. Capital Bancorp has a 1-year low of $26.40 and a 1-year high of $38.83.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.30%. The business had revenue of $65.29 million during the quarter, compared to the consensus estimate of $66.54 million. Analysts expect that Capital Bancorp will post 3.4 EPS for the current year.

Institutional Investors Weigh In On Capital Bancorp

Institutional investors have recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its holdings in Capital Bancorp by 51.1% in the second quarter. Wedge Capital Management L L P NC now owns 86,703 shares of the financial services provider’s stock valued at $3,045,000 after buying an additional 29,325 shares during the period. Militia Capital Management LLC bought a new stake in shares of Capital Bancorp in the 1st quarter valued at $1,398,000. Bank of America Corp DE lifted its position in shares of Capital Bancorp by 13.0% during the 1st quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 2,570 shares during the period. Empowered Funds LLC boosted its stake in Capital Bancorp by 9.8% during the first quarter. Empowered Funds LLC now owns 100,542 shares of the financial services provider’s stock worth $2,990,000 after acquiring an additional 8,968 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Capital Bancorp by 104.1% in the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after purchasing an additional 85,293 shares during the period. 56.14% of the stock is owned by institutional investors.

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. 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.