Elizabeth Park Capital Advisors Ltd. Trims Stake in Capital Bancorp, Inc. $CBNK

Elizabeth Park Capital Advisors Ltd. trimmed its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 47.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,224 shares of the financial services provider’s stock after selling 55,078 shares during the quarter. Elizabeth Park Capital Advisors Ltd.’s holdings in Capital Bancorp were worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CenterBook Partners LP purchased a new position in shares of Capital Bancorp in the 3rd quarter worth about $1,182,000. Militia Capital Partners LP bought a new stake in shares of Capital Bancorp in the 4th quarter valued at about $1,324,000. Gator Capital Management LLC lifted its stake in shares of Capital Bancorp by 0.7% in the 4th quarter. Gator Capital Management LLC now owns 90,170 shares of the financial services provider’s stock valued at $2,540,000 after acquiring an additional 655 shares during the last quarter. Daytona Street Capital LLC bought a new stake in shares of Capital Bancorp in the 4th quarter valued at about $72,000. Finally, Banc Funds Co. LLC lifted its stake in shares of Capital Bancorp by 48.6% in the 4th quarter. Banc Funds Co. LLC now owns 21,400 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 7,000 shares during the last quarter. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBNK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 4th. Three investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $35.33.

Capital Bancorp Trading Down 0.6%

CBNK opened at $33.17 on Thursday. The business has a 50 day simple moving average of $31.78 and a two-hundred day simple moving average of $30.41. The firm has a market capitalization of $540.34 million, a price-to-earnings ratio of 10.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Capital Bancorp, Inc. has a one year low of $26.40 and a one year high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The business had revenue of $62.77 million for the quarter, compared to the consensus estimate of $62.41 million. Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. Analysts predict that Capital Bancorp, Inc. will post 3.4 EPS for the current year.

Capital Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Capital Bancorp’s dividend payout ratio is presently 14.50%.

Capital Bancorp 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.