Wedge Capital Management L L P NC Has $2.69 Million Stock Position in Capital Bancorp, Inc. (NASDAQ:CBNK)

Wedge Capital Management L L P NC boosted its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 35.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 111,328 shares of the financial services provider’s stock after buying an additional 29,147 shares during the period. Wedge Capital Management L L P NC’s holdings in Capital Bancorp were worth $2,694,000 as of its most recent SEC filing.

Separately, SG Americas Securities LLC purchased a new position in Capital Bancorp in the fourth quarter valued at about $125,000. Hedge funds and other institutional investors own 56.14% of the company’s stock.

Analyst Upgrades and Downgrades

CBNK has been the topic of a number of recent research reports. Stephens upgraded Capital Bancorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $28.00 in a research note on Monday, April 1st. Hovde Group lowered their target price on Capital Bancorp from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 target price on shares of Capital Bancorp in a research note on Monday, April 1st.

Capital Bancorp Stock Performance

CBNK opened at $19.50 on Thursday. The company has a market cap of $270.86 million, a PE ratio of 8.33 and a beta of 0.41. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $21.26. Capital Bancorp, Inc. has a 52-week low of $15.36 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.02 and a current ratio of 1.02.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $52.91 million during the quarter, compared to the consensus estimate of $42.48 million. Capital Bancorp had a return on equity of 13.56% and a net margin of 15.35%. As a group, equities research analysts forecast that Capital Bancorp, Inc. will post 2.47 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.64%. Capital Bancorp’s dividend payout ratio (DPR) is presently 13.68%.

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.