Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 84.1% in February

Capital Bancorp, Inc. (NASDAQ:CBNK) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 232,900 shares, an increase of 84.1% from the February 13th total of 126,500 shares. Based on an average daily trading volume, of 55,400 shares, the short-interest ratio is currently 4.2 days. Currently, 2.0% of the company’s shares are sold short.

Insider Activity

In other news, Director Randall James Levitt sold 14,500 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 32.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in Capital Bancorp by 123.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 626 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Capital Bancorp by 194.7% in the fourth quarter. Federated Hermes Inc. now owns 3,528 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 2,331 shares in the last quarter. SG Americas Securities LLC bought a new position in Capital Bancorp in the fourth quarter worth approximately $109,000. Wells Fargo & Company MN boosted its holdings in Capital Bancorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 1,177 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Capital Bancorp by 317.1% in the third 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 in the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Trading Up 1.3 %

Shares of Capital Bancorp stock traded up $0.37 on Friday, hitting $28.27. 20,191 shares of the company’s stock traded hands, compared to its average volume of 34,584. Capital Bancorp has a one year low of $19.02 and a one year high of $32.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02. The company has a fifty day moving average of $29.83 and a two-hundred day moving average of $27.91. The company has a market capitalization of $468.09 million, a price-to-earnings ratio of 13.27 and a beta of 0.54.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter last year, the business posted $0.65 EPS. As a group, sell-side analysts expect that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.41%. Capital Bancorp’s payout ratio is currently 18.78%.

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 company a “market perform” rating in a research note on Friday, February 7th.

Capital Bancorp Company 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.