Fourthstone LLC Boosts Stake in Capital Bancorp, Inc. (NASDAQ:CBNK)

Fourthstone LLC lifted its holdings in Capital Bancorp, Inc. (NASDAQ:CBNK) by 104.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,551 shares of the financial services provider’s stock after purchasing an additional 26,358 shares during the period. Fourthstone LLC’s holdings in Capital Bancorp were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Capital Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock worth $9,103,000 after acquiring an additional 4,019 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Capital Bancorp during the first quarter worth about $26,000. Kennedy Capital Management LLC increased its stake in shares of Capital Bancorp by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 38,210 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 1,361 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 3,331 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Capital Bancorp by 32.0% in the 2nd quarter. Acadian Asset Management LLC now owns 73,351 shares of the financial services provider’s stock valued at $1,502,000 after buying an additional 17,784 shares in the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, COO Steven M. Poynot purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $25.36 per share, for a total transaction of $50,720.00. Following the completion of the transaction, the chief operating officer now owns 4,503 shares of the company’s stock, valued at $114,196.08. The trade was a 79.90 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dominic C. Canuso acquired 1,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $25.52 per share, with a total value of $25,520.00. Following the acquisition, the chief financial officer now owns 2,000 shares in the company, valued at $51,040. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 32.50% of the company’s stock.

Capital Bancorp Price Performance

CBNK stock traded up $0.13 during trading on Thursday, hitting $28.58. The stock had a trading volume of 22,785 shares, compared to its average volume of 25,694. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $29.59. The company’s 50-day moving average price is $26.13 and its two-hundred day moving average price is $23.74. 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 stock has a market capitalization of $473.28 million, a P/E ratio of 12.27 and a beta of 0.47.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). Capital Bancorp had a return on equity of 12.66% and a net margin of 14.49%. The firm had revenue of $59.25 million during the quarter. As a group, research analysts predict that Capital Bancorp, Inc. will post 2.37 EPS for the current fiscal year.

Capital Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.40%. Capital Bancorp’s dividend payout ratio (DPR) is presently 17.17%.

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.