Short Interest in Capital Bancorp, Inc. (NASDAQ:CBNK) Rises By 5.9%

Capital Bancorp, Inc. (NASDAQ:CBNK) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 110,900 shares, a growth of 5.9% from the January 15th total of 104,700 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 56,400 shares, the short-interest ratio is currently 2.0 days.

Insider Transactions at Capital Bancorp

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

Hedge Funds Weigh In On Capital Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in Capital Bancorp by 70.4% in the fourth quarter. Alliancebernstein L.P. now owns 614,473 shares of the financial services provider’s stock worth $17,512,000 after buying an additional 253,819 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Capital Bancorp by 14.4% in the fourth quarter. Vanguard Group Inc. now owns 558,300 shares of the financial services provider’s stock valued at $15,912,000 after acquiring an additional 70,420 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Capital Bancorp by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,623 shares of the financial services provider’s stock valued at $7,513,000 after acquiring an additional 16,957 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Capital Bancorp by 15.9% in the 4th quarter. Geode Capital Management LLC now owns 240,893 shares of the financial services provider’s stock worth $6,867,000 after acquiring an additional 33,009 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock worth $4,516,000 after purchasing an additional 1,526 shares during the period. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Capital Bancorp from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, February 7th.

Capital Bancorp Price Performance

Shares of CBNK traded down $0.21 during mid-day trading on Monday, reaching $31.87. The stock had a trading volume of 23,294 shares, compared to its average volume of 43,173. The business has a fifty day moving average of $29.65 and a 200 day moving average of $27.19. Capital Bancorp has a 12 month low of $19.02 and a 12 month high of $32.47. The firm has a market cap of $527.77 million, a price-to-earnings ratio of 14.96 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.02 and a current ratio of 1.03.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share 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 firm earned $0.65 EPS. Equities analysts predict that Capital Bancorp will post 3.17 EPS for the current year.

Capital Bancorp Announces Dividend

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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, February 10th. Capital Bancorp’s payout ratio is 18.78%.

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.