Pacific Ridge Capital Partners LLC Trims Stock Holdings in Capital Bancorp, Inc. (NASDAQ:CBNK)

Pacific Ridge Capital Partners LLC reduced its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,247 shares of the financial services provider’s stock after selling 2,521 shares during the quarter. Capital Bancorp comprises 1.6% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 20th biggest position. Pacific Ridge Capital Partners LLC owned about 1.43% of Capital Bancorp worth $6,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Capital Bancorp during the 3rd quarter valued at $276,000. BNP Paribas Financial Markets raised its stake in shares of Capital Bancorp by 317.1% during the 3rd 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 during the period. Fourthstone LLC lifted its holdings in Capital Bancorp by 104.6% during the 3rd quarter. Fourthstone LLC now owns 51,551 shares of the financial services provider’s stock worth $1,325,000 after purchasing an additional 26,358 shares in the last quarter. Martingale Asset Management L P boosted its stake in Capital Bancorp by 10.1% in the 3rd quarter. Martingale Asset Management L P now owns 27,369 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 2,511 shares during the period. Finally, State Street Corp grew its holdings in Capital Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 175,639 shares of the financial services provider’s stock valued at $4,516,000 after buying an additional 1,526 shares in the last quarter. 56.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBNK. Keefe, Bruyette & Woods increased their price target 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. Hovde Group lowered their target price on shares of Capital Bancorp from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th.

Insider Buying and Selling

In related news, Director Randall James Levitt sold 14,500 shares of the business’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 in the company, valued at $3,230,000. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 32.50% of the stock is owned by company insiders.

Capital Bancorp Stock Performance

NASDAQ:CBNK opened at $28.82 on Thursday. The stock has a market cap of $479.97 million, a P/E ratio of 13.53 and a beta of 0.54. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $30.05 and its two-hundred day moving average price is $28.11. Capital Bancorp, Inc. has a twelve month low of $19.02 and a twelve month high of $32.88.

Capital Bancorp (NASDAQ:CBNK) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $0.65 EPS. As a group, equities analysts predict that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 1.39%. Capital Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

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.