Capital Bancorp, Inc. (NASDAQ:CBNK) Given Average Recommendation of “Moderate Buy” by Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.3333.

Several research firms recently issued reports on CBNK. Weiss Ratings restated a “buy (b)” rating on shares of Capital Bancorp in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price target on shares of Capital Bancorp from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th.

Hedge Funds Weigh In On Capital Bancorp

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of Capital Bancorp in the third quarter valued at approximately $29,000. State of Alaska Department of Revenue grew its position in shares of Capital Bancorp by 135.1% during the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 908 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Capital Bancorp in the 3rd quarter worth approximately $61,000. Daytona Street Capital LLC purchased a new position in Capital Bancorp in the fourth quarter valued at approximately $72,000. Finally, Franklin Resources Inc. purchased a new stake in Capital Bancorp in the second quarter worth $201,000. 56.14% of the stock is currently owned by institutional investors.

Capital Bancorp Trading Up 0.4%

Shares of CBNK stock traded up $0.15 on Friday, hitting $35.07. The stock had a trading volume of 46,237 shares, compared to its average volume of 71,741. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market cap of $571.29 million, a P/E ratio of 10.60 and a beta of 0.54. The company has a fifty day moving average price of $32.85 and a two-hundred day moving average price of $31.08. Capital Bancorp has a twelve month low of $26.40 and a twelve month high of $36.41.

Capital Bancorp (NASDAQ:CBNK) last announced its 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). Capital Bancorp had a net margin of 17.48% and a return on equity of 13.48%. The firm had revenue of $62.77 million during the quarter, compared to analyst estimates of $62.41 million. As a group, analysts forecast that Capital Bancorp will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Dividend Announcement

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

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.