Wealthspire Advisors LLC Buys 1,130 Shares of Capital Bancorp, Inc. (NASDAQ:CBNK)

Wealthspire Advisors LLC raised its stake in Capital Bancorp, Inc. (NASDAQ:CBNK) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,172 shares of the financial services provider’s stock after buying an additional 1,130 shares during the period. Wealthspire Advisors LLC owned about 0.47% of Capital Bancorp worth $2,228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Capital Bancorp in the 4th quarter valued at about $109,000. BNP Paribas Financial Markets grew its position in shares of Capital Bancorp by 317.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the financial services provider’s stock valued at $201,000 after buying an additional 5,937 shares during the last quarter. Praetorian Wealth Management Inc. bought a new stake in shares of Capital Bancorp in the 4th quarter valued at about $205,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Capital Bancorp in the 3rd quarter valued at about $276,000. Finally, Barclays PLC grew its position in shares of Capital Bancorp by 297.3% in the 3rd quarter. Barclays PLC now owns 11,918 shares of the financial services provider’s stock valued at $306,000 after buying an additional 8,918 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Insider Buying and Selling at Capital Bancorp

In other Capital Bancorp news, Director Randall James Levitt sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.30, for a total value of $468,350.00. Following the completion of the sale, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,230,000. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.50% of the company’s stock.

Capital Bancorp Trading Down 3.6 %

NASDAQ CBNK opened at $31.06 on Monday. The business has a 50 day simple moving average of $29.76 and a 200 day simple moving average of $27.42. Capital Bancorp, Inc. has a one year low of $19.02 and a one year high of $32.88. The stock has a market capitalization of $514.29 million, a P/E ratio of 14.58 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results on Monday, January 27th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Capital Bancorp had a return on equity of 14.89% and a net margin of 12.66%. During the same quarter in the previous year, the company earned $0.65 earnings per share. Research analysts expect that Capital Bancorp, Inc. will post 3.17 earnings per share for the current year.

Capital Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.29%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

Analyst Ratings Changes

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

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.