Capital Bancorp, Inc. (NASDAQ:CBNK) Short Interest Up 5.9% in January

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 110,900 shares, an increase of 5.9% from the January 15th total of 104,700 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 56,400 shares, the days-to-cover ratio is presently 2.0 days.

Insider Activity at Capital Bancorp

In related news, Director Randall James Levitt sold 14,500 shares of the 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 completion of the transaction, the director now owns 100,000 shares in the company, valued at $3,230,000. This represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 32.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital Bancorp

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of Capital Bancorp by 0.4% in the 4th quarter. Empowered Funds LLC now owns 89,479 shares of the financial services provider’s stock valued at $2,550,000 after purchasing an additional 369 shares during the period. Picton Mahoney Asset Management lifted its position in shares of Capital Bancorp by 123.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,135 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 626 shares in the last quarter. Rhumbline Advisers boosted its stake in Capital Bancorp by 5.9% in the 4th quarter. Rhumbline Advisers now owns 15,407 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 854 shares during the period. Wealthspire Advisors LLC grew its position in Capital Bancorp by 1.5% during the 4th quarter. Wealthspire Advisors LLC now owns 78,172 shares of the financial services provider’s stock worth $2,228,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Capital Bancorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 5,400 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,177 shares during the period. 56.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective on shares of 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 Price Performance

NASDAQ:CBNK traded up $0.46 during mid-day trading on Tuesday, reaching $32.33. 53,821 shares of the stock were exchanged, compared to its average volume of 52,104. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $29.65 and a 200 day moving average price of $27.19. Capital Bancorp has a 1-year low of $19.02 and a 1-year high of $32.47. The firm has a market capitalization of $535.32 million, a PE ratio of 15.18 and a beta of 0.50.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.65 EPS. Research analysts expect that Capital Bancorp will post 3.17 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

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.