Capital Bancorp, Inc. (NASDAQ:CBNK) Stock Has Average Target Price of $39.67

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.67.

A number of analysts recently commented on CBNK shares. Raymond James Financial assumed coverage on Capital Bancorp in a research report on Thursday, September 3rd. They issued a “market perform” rating for the company. Hovde Group lowered Capital Bancorp from a “strong-buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a report on Thursday, October 1st. Weiss Ratings upgraded Capital Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, October 14th. Brean Capital cut Capital Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Capital Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 3rd.

Capital Bancorp Price Performance

Shares of NASDAQ CBNK opened at $41.19 on Friday. The firm’s 50-day moving average price is $37.47 and its 200-day moving average price is $34.97. Capital Bancorp has a 1-year low of $26.40 and a 1-year high of $41.34. The firm has a market capitalization of $670.99 million, a P/E ratio of 12.11 and a beta of 0.52. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $65.29 million for the quarter, compared to analysts’ expectations of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. Equities research analysts anticipate that Capital Bancorp will post 3.47 earnings per share for the current fiscal year.

Institutional Trading of Capital Bancorp

Several hedge funds have recently bought and sold shares of CBNK. Cassilly Financial Group LLC bought a new stake in Capital Bancorp during the 3rd quarter valued at $206,000. Sequoia Financial Advisors LLC acquired a new position in Capital Bancorp during the second quarter worth $324,000. Squarepoint Ops LLC raised its holdings in Capital Bancorp by 31.9% during the second quarter. Squarepoint Ops LLC now owns 137,954 shares of the financial services provider’s stock worth $4,845,000 after buying an additional 33,402 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Capital Bancorp during the second quarter worth $310,000. Finally, Empowered Funds LLC bought a new position in shares of Capital Bancorp in the second quarter valued at $3,664,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

About Capital Bancorp

Capital Bancorp, Inc is a bank holding company headquartered in Rockville, Maryland. Through its principal subsidiary, Capital Bank, N.A., the company provides commercial banking products and services to businesses, professionals and individuals.

Capital Bank offers business and commercial real estate lending, construction and development financing, residential mortgage lending, small-business lending, consumer loans and deposit accounts. Its services also include cash management, online and mobile banking, treasury management and other financial solutions designed for commercial and retail customers.

Founded in 1999, Capital Bancorp primarily serves communities in the Washington, DC, metropolitan area, including Maryland and Northern Virginia.