Los Angeles Capital Management LLC Has $371,000 Stake in Capital Bancorp, Inc. (NASDAQ:CBNK)

Los Angeles Capital Management LLC reduced its stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,025 shares of the financial services provider’s stock after selling 3,400 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Capital Bancorp were worth $371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 8,918 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Capital Bancorp by 317.1% during the third quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock worth $201,000 after buying an additional 5,937 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Capital Bancorp by 31.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 93,993 shares of the financial services provider’s stock worth $2,679,000 after buying an additional 22,381 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Capital Bancorp by 68.0% during the third quarter. JPMorgan Chase & Co. now owns 19,458 shares of the financial services provider’s stock worth $500,000 after buying an additional 7,879 shares in the last quarter. Finally, Belvedere Trading LLC bought a new position in shares of Capital Bancorp in the fourth quarter valued at approximately $399,000. 56.14% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction dated 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. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target on Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th.

Capital Bancorp Stock Down 1.1 %

Shares of NASDAQ CBNK opened at $30.17 on Tuesday. Capital Bancorp, Inc. has a 12-month low of $19.02 and a 12-month high of $32.88. The firm’s 50-day simple moving average is $29.87 and its 200 day simple moving average is $27.67. 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 company has a market cap of $499.55 million, a price-to-earnings ratio of 14.16 and a beta of 0.50.

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

Capital Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Capital Bancorp’s payout ratio is 18.78%.

Capital Bancorp Profile

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.