Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Rating of “Hold” from Analysts

Capital Bancorp, Inc. (NASDAQ:CBNK) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $39.67.

CBNK has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on Capital Bancorp in a research note on Thursday, September 3rd. They issued a “market perform” rating on the stock. Hovde Group lowered shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a report on Thursday. Brean Capital downgraded shares of Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a research note on Friday, September 25th.

Capital Bancorp Stock Performance

Shares of CBNK opened at $40.45 on Monday. The firm’s 50 day moving average is $36.93 and its 200-day moving average is $33.98. The stock has a market capitalization of $658.93 million, a P/E ratio of 11.90 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 1.03. Capital Bancorp has a 12-month low of $26.40 and a 12-month high of $40.70.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results 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 analyst estimates of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. Equities research analysts anticipate that Capital Bancorp will post 3.47 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were issued a dividend of $0.14 per share. This is a positive change from Capital Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 10th. Capital Bancorp’s dividend payout ratio is presently 16.47%.

Institutional Investors Weigh In On Capital Bancorp

Several hedge funds have recently bought and sold shares of CBNK. Sequoia Financial Advisors LLC acquired a new stake in shares of Capital Bancorp during the second quarter worth approximately $324,000. Squarepoint Ops LLC boosted its stake in shares of Capital Bancorp by 31.9% during the 2nd quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider’s stock valued at $4,845,000 after buying an additional 33,402 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Capital Bancorp during the 2nd quarter valued at $310,000. Empowered Funds LLC acquired a new position in shares of Capital Bancorp in the second quarter worth $3,664,000. Finally, Bank of America Corp DE acquired a new position in shares of Capital Bancorp in the second quarter worth $705,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking and financial services to businesses, nonprofit organizations, professional practices and individuals.

Capital Bank offers a range of deposit products, commercial and residential real estate lending, business loans, lines of credit, equipment financing, treasury management and other cash-management services. The company also provides mortgage banking services, including residential mortgage origination, and serves small businesses through lending and related financial solutions.

Capital Bancorp primarily serves customers in the Washington, DC, metropolitan area, including Maryland, Virginia and the District of Columbia.