Capital Bancorp, Inc. (NASDAQ:CBNK) Sees Significant Growth in Short Interest

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 232,900 shares, an increase of 84.1% from the February 13th total of 126,500 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is presently 4.2 days.

Capital Bancorp Stock Down 1.1 %

NASDAQ CBNK opened at $27.90 on Friday. The business’s fifty day simple moving average is $29.83 and its 200-day simple moving average is $27.87. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $461.97 million, a PE ratio of 13.10 and a beta of 0.54. Capital Bancorp has a 52 week low of $19.02 and a 52 week high of $32.88.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 EPS 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 previous year, the firm earned $0.65 EPS. As a group, equities analysts anticipate that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.30, for a total transaction 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. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 32.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management raised its stake in shares of Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. raised its position in Capital Bancorp by 194.7% in the 4th quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 2,331 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Capital Bancorp in the 4th quarter valued at about $109,000. Wells Fargo & Company MN boosted its stake in shares of Capital Bancorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,177 shares during the period. Finally, Praetorian Wealth Management Inc. acquired a new position in shares of Capital Bancorp during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

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.