Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $35.33 Consensus PT from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $35.3333.

CBNK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. 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.

Capital Bancorp Trading Up 2.2%

CBNK stock opened at $34.20 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. The company has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $30.56. Capital Bancorp has a one year low of $26.40 and a one year high of $36.40. The stock has a market cap of $557.12 million, a price-to-earnings ratio of 10.33 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 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 company had revenue of $62.77 million for the quarter, compared to the consensus estimate of $62.41 million. Equities analysts anticipate that Capital Bancorp will post 3.4 EPS for the current year.

Capital Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBNK. AQR Capital Management LLC boosted its position in Capital Bancorp by 48.4% during the first quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 4,336 shares during the period. Franklin Resources Inc. bought a new stake in shares of Capital Bancorp in the second quarter valued at about $201,000. Rhumbline Advisers boosted its position in shares of Capital Bancorp by 23.9% in the second quarter. Rhumbline Advisers now owns 18,378 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 3,545 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after acquiring an additional 86,062 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Capital Bancorp by 6.4% in the second quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 632 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.