Sei Investments Co. Buys 85,293 Shares of Capital Bancorp, Inc. $CBNK

Sei Investments Co. raised its position in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 104.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,222 shares of the financial services provider’s stock after purchasing an additional 85,293 shares during the period. Sei Investments Co. owned approximately 1.03% of Capital Bancorp worth $4,973,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in Capital Bancorp by 48.4% in the 1st quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 4,336 shares during the last quarter. Franklin Resources Inc. bought a new stake in Capital Bancorp during the second quarter worth about $201,000. Rhumbline Advisers grew its stake in shares of Capital Bancorp by 23.9% in the 2nd quarter. Rhumbline Advisers now owns 18,378 shares of the financial services provider’s stock worth $617,000 after buying an additional 3,545 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock worth $5,118,000 after acquiring an additional 86,062 shares during the last quarter. Finally, First Trust Advisors LP grew its position 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 valued at $355,000 after purchasing an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Capital Bancorp Stock Performance

Shares of NASDAQ CBNK opened at $37.54 on Thursday. 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 company has a market cap of $611.53 million, a P/E ratio of 11.04 and a beta of 0.52. The firm’s fifty day moving average is $34.78 and its two-hundred day moving average is $32.09. Capital Bancorp, Inc. has a 52-week low of $26.40 and a 52-week high of $38.83.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.30%. The business had revenue of $65.29 million during the quarter, compared to the consensus estimate of $66.54 million. As a group, analysts anticipate that Capital Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, August 10th. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. Capital Bancorp’s dividend payout ratio is currently 14.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBNK. Keefe, Bruyette & Woods lifted their price objective on Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Capital Bancorp presently has an average rating of “Moderate Buy” and an average target price of $37.33.

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. 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.