Militia Capital Partners LP Takes Position in Capital Bancorp, Inc. $CBNK

Militia Capital Partners LP acquired a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 47,000 shares of the financial services provider’s stock, valued at approximately $1,324,000. Militia Capital Partners LP owned approximately 0.28% of Capital Bancorp as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its position in shares of Capital Bancorp by 12.9% during the 4th quarter. Squarepoint Ops LLC now owns 86,129 shares of the financial services provider’s stock valued at $2,426,000 after buying an additional 9,838 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of Capital Bancorp by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock valued at $7,394,000 after buying an additional 750 shares in the last quarter. Barclays PLC raised its stake in Capital Bancorp by 18.0% during the 4th quarter. Barclays PLC now owns 19,449 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 2,963 shares during the period. Martingale Asset Management L P raised its stake in Capital Bancorp by 8.5% during the 4th quarter. Martingale Asset Management L P now owns 16,316 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 1,273 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Capital Bancorp by 52.1% during the 4th quarter. Wells Fargo & Company MN now owns 13,054 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 4,470 shares during the period. 56.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings raised Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th. Keefe, Bruyette & Woods lifted their target price on Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Capital Bancorp Stock Performance

NASDAQ:CBNK opened at $33.37 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Capital Bancorp, Inc. has a 1 year low of $26.40 and a 1 year high of $36.40. The stock’s 50 day simple moving average is $31.72 and its two-hundred day simple moving average is $30.37. The company has a market cap of $543.60 million, a price-to-earnings ratio of 10.08 and a beta of 0.55.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.73 earnings per share (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 during the quarter, compared to the consensus estimate of $62.41 million. As a group, equities analysts anticipate that Capital Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, May 11th. Capital Bancorp’s dividend payout ratio is presently 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.