64,430 Shares in Capital Bancorp, Inc. $CBNK Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 64,430 shares of the financial services provider’s stock, valued at approximately $2,263,000.

Several other institutional investors have also modified their holdings of the stock. Boston Partners increased its stake in shares of Capital Bancorp by 1.8% during the third quarter. Boston Partners now owns 25,974 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 457 shares in the last quarter. Creative Planning boosted its holdings 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. First Trust Advisors LP boosted its holdings 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. Gator Capital Management LLC boosted its holdings 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 buying an additional 655 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in Capital Bancorp by 0.3% during 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 in the last quarter. Institutional investors and hedge funds own 56.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Bancorp in a report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price target on Capital Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Capital Bancorp Price Performance

Capital Bancorp stock opened at $36.54 on Friday. Capital Bancorp, Inc. has a 52-week low of $26.40 and a 52-week high of $38.83. The firm has a market capitalization of $595.24 million, a price-to-earnings ratio of 10.75 and a beta of 0.52. The company has a fifty day simple moving average of $36.22 and a 200-day simple moving average of $32.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.12.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. The firm had revenue of $65.29 million for the quarter, compared to the consensus estimate of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.14%. On average, equities analysts anticipate that Capital Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 10th. This is a positive change from Capital Bancorp’s previous quarterly dividend of $0.12. Capital Bancorp’s payout ratio is currently 16.47%.

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.