Capital Bancorp (NASDAQ:CBNK) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.63 and traded as high as $31.77. Capital Bancorp shares last traded at $31.55, with a volume of 31,284 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on CBNK shares. Weiss Ratings upgraded shares of Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 4th. Keefe, Bruyette & Woods upped their price target on shares of Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.33.

Capital Bancorp Trading Up 0.1%

The company has a market cap of $514.55 million, a P/E ratio of 9.53 and a beta of 0.55. The stock’s 50 day moving average is $30.34 and its 200-day moving average is $29.63. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The firm had revenue of $62.77 million during the quarter, compared to the consensus estimate of $62.41 million. Capital Bancorp had a return on equity of 13.62% and a net margin of 17.48%. Research analysts anticipate that Capital Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, May 11th will be paid a $0.12 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Capital Bancorp’s payout ratio is presently 14.50%.

Hedge Funds Weigh In On Capital Bancorp

A number of hedge funds have recently bought and sold shares of the business. Boston Partners raised its position in Capital Bancorp by 1.8% in the 3rd quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock worth $829,000 after buying an additional 457 shares during the last quarter. Creative Planning raised its position in Capital Bancorp by 2.3% in the 3rd quarter. Creative Planning now owns 21,018 shares of the financial services provider’s stock worth $670,000 after buying an additional 482 shares during the last quarter. Gator Capital Management LLC raised its position in Capital Bancorp by 0.7% in the 3rd quarter. Gator Capital Management LLC now owns 89,515 shares of the financial services provider’s stock worth $2,856,000 after buying an additional 590 shares during the last quarter. First Trust Advisors LP raised its position in Capital Bancorp by 6.4% in the 2nd quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock worth $355,000 after buying an additional 632 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its position in Capital Bancorp by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 262,462 shares of the financial services provider’s stock worth $7,394,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 56.14% of the company’s stock.

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.