Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 8.6% in November

Capital Bancorp, Inc. (NASDAQ:CBNK) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 36,700 shares, a growth of 8.6% from the November 15th total of 33,800 shares. Based on an average trading volume of 38,200 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Capital Bancorp Price Performance

NASDAQ CBNK traded up $0.23 on Tuesday, reaching $31.02. The company’s stock had a trading volume of 5,144 shares, compared to its average volume of 27,528. The firm has a market cap of $513.63 million, a PE ratio of 13.21 and a beta of 0.50. The business has a 50-day moving average price of $27.36 and a 200 day moving average price of $24.63. Capital Bancorp has a 52 week low of $19.02 and a 52 week high of $31.22. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Capital Bancorp (NASDAQ:CBNK) last announced its 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 company had revenue of $59.25 million for the quarter. Sell-side analysts expect that Capital Bancorp will post 2.37 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were issued a $0.10 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.29%. Capital Bancorp’s dividend payout ratio is currently 17.17%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Capital Bancorp from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity at Capital Bancorp

In other Capital Bancorp news, COO Steven M. Poynot purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price 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 in the company, valued at $114,196.08. This represents a 79.90 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dominic C. Canuso purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $25.52 per share, for a total transaction of $25,520.00. Following the transaction, the chief financial officer now owns 2,000 shares of the company’s stock, valued at $51,040. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 32.50% of the company’s stock.

Hedge Funds Weigh In On Capital Bancorp

Several large investors have recently bought and sold shares of CBNK. BNP Paribas Financial Markets increased its stake 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 valued at $201,000 after purchasing an additional 5,937 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Capital Bancorp in the second quarter valued at approximately $256,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp in the third quarter valued at approximately $276,000. Squarepoint Ops LLC bought a new stake in Capital Bancorp in the second quarter valued at approximately $304,000. Finally, Barclays PLC increased its stake in Capital Bancorp by 297.3% in the third quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 8,918 shares in the last quarter. 56.14% of the stock is currently owned by institutional investors and hedge funds.

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.