Capital Bancorp Inc (CBNK) Receives Average Recommendation of “Buy” from Brokerages

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Capital Bancorp Inc (NASDAQ:CBNK) has been assigned an average broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company.

Brokerages have set a 12-month consensus target price of $14.63 for the company, according to Zacks. Zacks has also assigned Capital Bancorp an industry rank of 170 out of 255 based on the ratings given to related companies.

Several brokerages have recently issued reports on CBNK. Zacks Investment Research upgraded shares of Capital Bancorp from a “sell” rating to a “hold” rating in a report on Monday. Sandler O’Neill cut shares of Capital Bancorp from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a report on Tuesday, December 4th.

Several institutional investors have recently modified their holdings of CBNK. Victory Capital Management Inc. acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $127,000. Alliancebernstein L.P. acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $1,908,000. Monashee Investment Management LLC acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $636,000. Banc Funds Co. LLC purchased a new stake in Capital Bancorp in the 3rd quarter valued at $1,018,000. Finally, EJF Capital LLC purchased a new stake in Capital Bancorp in the 3rd quarter valued at $5,311,000. Institutional investors and hedge funds own 21.15% of the company’s stock.

NASDAQ CBNK opened at $11.38 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Capital Bancorp has a 52 week low of $10.21 and a 52 week high of $14.28. The company has a market cap of $151.01 million and a price-to-earnings ratio of 11.16.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Friday, February 8th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $18.36 million for the quarter. As a group, research analysts expect that Capital Bancorp will post 1.09 EPS for the current fiscal year.

Capital Bancorp Company Profile

Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.

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