Militia Capital Management LLC Acquires Shares of 47,000 Capital Bancorp, Inc. $CBNK

Militia Capital Management LLC acquired a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,000 shares of the financial services provider’s stock, valued at approximately $1,398,000.

Other large investors have also recently made changes to their positions in the company. Militia Capital Partners LP bought a new position in Capital Bancorp during the fourth quarter valued at approximately $1,324,000. Kennedy Capital Management LLC increased its stake 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 acquiring an additional 750 shares during the last quarter. Gator Capital Management LLC increased its stake in 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 worth $2,540,000 after acquiring an additional 655 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Capital Bancorp by 50.8% during the 4th quarter. Federated Hermes Inc. now owns 8,319 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,801 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Capital Bancorp during the 4th quarter worth approximately $223,000. 56.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CBNK. Keefe, Bruyette & Woods increased their target price 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 restated a “buy (b)” rating on shares of Capital Bancorp in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.33.

Capital Bancorp Stock Down 0.9%

Shares of NASDAQ:CBNK opened at $35.45 on Thursday. The company has a market cap of $577.48 million, a price-to-earnings ratio of 10.71 and a beta of 0.54. Capital Bancorp, Inc. has a 12 month low of $26.40 and a 12 month high of $37.00. 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 company has a 50-day moving average price of $33.57 and a 200 day moving average price of $31.50.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.05). Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%.The company had revenue of $62.77 million for the quarter, compared to the consensus estimate of $62.41 million. As a group, equities research analysts predict that Capital Bancorp, Inc. will post 3.4 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were issued a $0.12 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. 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.