Insider Selling: Capital Bancorp, Inc. (NASDAQ:CBNK) Director Sells 14,500 Shares of Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Randall James Levitt sold 14,500 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, 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 through this hyperlink.

Capital Bancorp Stock Down 0.5 %

CBNK stock traded down $0.15 during trading on Monday, reaching $31.97. 14,238 shares of the company traded hands, compared to its average volume of 53,017. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market capitalization of $529.42 million, a price-to-earnings ratio of 15.09 and a beta of 0.50. The business has a 50 day simple moving average of $29.37 and a 200 day simple moving average of $26.91. Capital Bancorp, Inc. has a 12 month low of $19.02 and a 12 month high of $32.47.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.65 earnings per share. On average, equities research analysts anticipate that Capital Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.25%. Capital Bancorp’s dividend payout ratio is presently 18.78%.

Institutional Investors Weigh In On Capital Bancorp

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Capital Bancorp in the fourth quarter valued at about $109,000. BNP Paribas Financial Markets raised its holdings in shares of Capital Bancorp by 317.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 5,937 shares during the period. Praetorian Wealth Management Inc. purchased a new position in Capital Bancorp during the fourth quarter worth about $205,000. Renaissance Technologies LLC acquired a new position in Capital Bancorp in the 2nd quarter valued at about $256,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Capital Bancorp in the third quarter valued at $276,000. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday.

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.