Hovde Group Cuts Capital Bancorp (NASDAQ:CBNK) Price Target to $34.00

Capital Bancorp (NASDAQ:CBNK) had its price objective decreased by Hovde Group from $36.00 to $34.00 in a research note published on Monday, MarketBeat reports. Hovde Group currently has an outperform rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods increased their target price on shares of 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 Trading Up 1.4 %

CBNK opened at $28.88 on Monday. The firm has a market capitalization of $478.20 million, a price-to-earnings ratio of 13.56 and a beta of 0.54. Capital Bancorp has a fifty-two week low of $19.02 and a fifty-two week high of $32.88. The company’s 50 day moving average price is $29.90 and its two-hundred day moving average price is $27.98. 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 issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $0.65 earnings per share. As a group, research analysts predict that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.39%. Capital Bancorp’s payout ratio is currently 18.78%.

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 on Friday, February 7th. The shares were sold at an average price of $32.30, for a total value of $468,350.00. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Capital Bancorp

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

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.