Capital Bancorp, Inc. (NASDAQ:CBNK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.3333.

CBNK has been the topic of several recent analyst reports. Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods raised their price objective on Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th.

Capital Bancorp Trading Up 0.4%

Shares of NASDAQ CBNK opened at $33.37 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $31.72 and its 200-day moving average price is $30.37. Capital Bancorp has a fifty-two week low of $26.40 and a fifty-two week high of $36.40. The company has a market cap of $543.60 million, a price-to-earnings ratio of 10.08 and a beta of 0.55.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.05). Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The business had revenue of $62.77 million during the quarter, compared to analysts’ expectations of $62.41 million. On average, sell-side analysts expect that Capital Bancorp will post 3.4 earnings per share for the current year.

Capital Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, May 11th. Capital Bancorp’s dividend payout ratio (DPR) is presently 14.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Boston Partners increased its holdings in Capital Bancorp by 1.8% during the 3rd quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 457 shares during the period. Creative Planning increased its holdings in Capital Bancorp by 2.3% during the 3rd quarter. Creative Planning now owns 21,018 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 482 shares during the period. Gator Capital Management LLC increased its holdings in Capital Bancorp by 0.7% during the 3rd quarter. Gator Capital Management LLC now owns 89,515 shares of the financial services provider’s stock worth $2,856,000 after purchasing an additional 590 shares during the period. First Trust Advisors LP increased its holdings in Capital Bancorp by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 632 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Capital Bancorp by 0.3% during the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock worth $7,394,000 after purchasing an additional 750 shares during the period. 56.14% of the stock is currently owned by hedge funds and other 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. The company offers a range of deposit products, including checking and savings, time, interest bearing and noninterest-bearing demand, and money market accounts, as well as certificates of deposit; and credit cards.