Fourthstone LLC Boosts Stock Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Fourthstone LLC lifted its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 138.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 123,178 shares of the financial services provider’s stock after purchasing an additional 71,627 shares during the period. Capital Bancorp comprises 0.7% of Fourthstone LLC’s holdings, making the stock its 27th biggest position. Fourthstone LLC owned 0.74% of Capital Bancorp worth $3,511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its holdings in Capital Bancorp by 123.0% during the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after buying an additional 626 shares during the period. Federated Hermes Inc. lifted its position in shares of Capital Bancorp by 194.7% during the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock valued at $101,000 after buying an additional 2,331 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Capital Bancorp during the fourth quarter valued at about $109,000. Wells Fargo & Company MN boosted its holdings 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 in the last quarter. Finally, Praetorian Wealth Management Inc. purchased a new position in shares of Capital Bancorp in the 4th quarter worth approximately $205,000. 56.14% of the stock is currently owned by institutional investors.

Insider Activity at Capital Bancorp

In related 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 of the company’s stock, valued at $3,230,000. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.50% of the stock is owned by insiders.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $27.25 on Thursday. Capital Bancorp, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $32.88. The company has a market cap of $453.90 million, a PE ratio of 12.79 and a beta of 0.52. 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 business has a 50-day simple moving average of $28.99 and a two-hundred day simple moving average of $28.30.

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

Capital Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, February 10th. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods increased 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 report on Friday, February 7th. Hovde Group reduced their price target on Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 17th.

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.