Gator Capital Management LLC Purchases Shares of 34,796 Capital Bancorp, Inc. (NASDAQ:CBNK)

Gator Capital Management LLC acquired a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,796 shares of the financial services provider’s stock, valued at approximately $992,000. Gator Capital Management LLC owned 0.21% of Capital Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CBNK. Alliancebernstein L.P. boosted its stake in Capital Bancorp by 70.4% during the fourth quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after acquiring an additional 253,819 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Capital Bancorp by 14.4% during the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock worth $15,912,000 after purchasing an additional 70,420 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Capital Bancorp by 15.9% in the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider’s stock valued at $6,867,000 after buying an additional 33,009 shares during the period. State Street Corp grew its stake in shares of Capital Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after buying an additional 1,526 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Capital Bancorp by 8.1% in the 4th quarter. Russell Investments Group Ltd. now owns 107,119 shares of the financial services provider’s stock valued at $3,053,000 after buying an additional 8,044 shares in the last quarter. Institutional investors own 56.14% of the company’s stock.

Analyst Ratings Changes

CBNK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Hovde Group decreased their price objective on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 17th.

Capital Bancorp Trading Down 2.1 %

Shares of CBNK stock opened at $26.11 on Friday. 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 $434.84 million, a P/E ratio of 12.26 and a beta of 0.52. The company has a 50 day moving average of $29.89 and a 200-day moving average of $28.25. Capital Bancorp, Inc. has a 12-month low of $19.02 and a 12-month high of $32.88.

Capital Bancorp (NASDAQ:CBNK) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. During the same quarter last year, the firm earned $0.65 earnings per share. Sell-side analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, February 10th. Capital Bancorp’s dividend payout ratio is 18.78%.

Insider Buying and Selling

In other news, Director Randall James Levitt sold 14,500 shares of Capital Bancorp stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total transaction of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares in the company, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.50% of the stock is owned by company insiders.

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.