Capital Bancorp (NASDAQ:CBNK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Capital Bancorp (NASDAQ:CBNK) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $33.00 to $35.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.92% from the company’s current price.

Separately, Hovde Group reduced their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, March 17th.

Capital Bancorp Stock Up 1.7%

NASDAQ CBNK traded up $0.57 on Monday, reaching $33.05. The company had a trading volume of 33,673 shares, compared to its average volume of 40,080. The firm has a market capitalization of $550.43 million, a price-to-earnings ratio of 15.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp has a 1-year low of $19.45 and a 1-year high of $34.12. The company’s fifty day moving average is $28.51 and its 200-day moving average is $28.94.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.21. Capital Bancorp had a net margin of 12.66% and a return on equity of 14.89%. The company had revenue of $58.60 million for the quarter, compared to analyst estimates of $57.54 million. On average, research analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Capital Bancorp by 297.3% in the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 8,918 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Capital Bancorp by 91.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,537 shares of the financial services provider’s stock worth $585,000 after buying an additional 9,798 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Capital Bancorp by 31.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock valued at $2,679,000 after purchasing an additional 22,381 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Capital Bancorp by 118.4% in the 4th quarter. JPMorgan Chase & Co. now owns 42,491 shares of the financial services provider’s stock valued at $1,211,000 after acquiring an additional 23,033 shares during the period. Finally, Vanguard Group Inc. grew its stake in Capital Bancorp by 14.4% in the 4th quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock valued at $15,912,000 after acquiring an additional 70,420 shares during the period. Institutional investors 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.