Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $37.3333.

Several brokerages recently issued reports on CBNK. Raymond James Financial initiated coverage on shares of Capital Bancorp in a report on Thursday. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th.

Capital Bancorp Stock Performance

NASDAQ:CBNK traded up $0.22 during midday trading on Thursday, hitting $36.65. The company’s stock had a trading volume of 32,230 shares, compared to its average volume of 61,620. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $38.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $597.03 million, a P/E ratio of 10.78 and a beta of 0.51. The firm’s 50 day moving average is $36.35 and its 200-day moving average is $32.94.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. The business had revenue of $65.29 million during the quarter, compared to analysts’ expectations of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. Equities analysts anticipate that Capital Bancorp will post 3.43 earnings per share for the current fiscal year.

Capital Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were given a $0.14 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.56 annualized dividend and a yield of 1.5%. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. Capital Bancorp’s payout ratio is currently 16.47%.

Institutional Trading of Capital Bancorp

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Capital Bancorp in the second quarter valued at approximately $27,625,000. Ategra Capital Management LLC purchased a new position in Capital Bancorp during the second quarter worth about $8,122,000. Empowered Funds LLC acquired a new position in Capital Bancorp in the 2nd quarter valued at about $3,664,000. Arrowstreet Capital Limited Partnership boosted its holdings in Capital Bancorp by 129.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after purchasing an additional 86,062 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Capital Bancorp by 104.1% in the 1st quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock valued at $4,973,000 after buying an additional 85,293 shares during the period. 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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.