Militia Capital Management LLC Takes Position in Capital Bancorp, Inc. $CBNK

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in CBNK. AQR Capital Management LLC increased its holdings in shares of Capital Bancorp by 48.4% during the first quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 4,336 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Capital Bancorp in the 2nd quarter valued at $201,000. Rhumbline Advisers increased its stake in Capital Bancorp by 23.9% during the 2nd quarter. Rhumbline Advisers now owns 18,378 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 3,545 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Capital Bancorp by 129.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 152,410 shares of the financial services provider’s stock valued at $5,118,000 after buying an additional 86,062 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Capital Bancorp by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 10,571 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 632 shares during the last quarter. Institutional investors own 56.14% of the company’s stock.

Capital Bancorp Stock Performance

Shares of CBNK stock opened at $37.33 on Monday. The business has a 50-day moving average price of $34.42 and a two-hundred day moving average price of $31.91. Capital Bancorp, Inc. has a 12-month low of $26.40 and a 12-month high of $38.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market cap of $608.11 million, a P/E ratio of 10.98 and a beta of 0.52.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. The firm had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million. Capital Bancorp had a return on equity of 13.30% and a net margin of 17.47%. Equities analysts anticipate that Capital Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a $0.14 dividend. This is a positive change from Capital Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Capital Bancorp’s dividend payout ratio is currently 14.12%.

Analyst Ratings Changes

CBNK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Capital Bancorp from $32.00 to $34.00 and gave the stock 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 note 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, Capital Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

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.