Capital Bancorp, Inc. (NASDAQ:CBNK) Director Sells $468,350.00 in Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Capital Bancorp Price Performance

NASDAQ CBNK opened at $32.04 on Thursday. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.47. The stock’s 50-day moving average is $29.51 and its two-hundred day moving average is $27.03. The firm has a market cap of $530.58 million, a P/E ratio of 15.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, February 10th. Capital Bancorp’s payout ratio is 18.78%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Friday, February 7th.

Institutional Investors Weigh In On Capital Bancorp

A number of hedge funds have recently bought and sold shares of CBNK. Renaissance Technologies LLC bought a new stake in Capital Bancorp during the 2nd quarter valued at approximately $256,000. Empowered Funds LLC raised its stake in Capital Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 89,110 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 4,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp in the 3rd quarter valued at $276,000. BNP Paribas Financial Markets grew its position in Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Fourthstone LLC increased its holdings in shares of Capital Bancorp by 104.6% during the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after purchasing an additional 26,358 shares during the period. 56.14% of the stock is currently owned by institutional investors.

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.