Sei Investments Co. Acquires 85,293 Shares of Capital Bancorp, Inc. $CBNK

Sei Investments Co. grew its holdings in shares of Capital Bancorp, Inc. (NASDAQ:CBNK) by 104.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 167,222 shares of the financial services provider’s stock after acquiring an additional 85,293 shares during the quarter. Sei Investments Co.’s holdings in Capital Bancorp were worth $4,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Capital Bancorp by 48.4% in the first quarter. AQR Capital Management LLC now owns 13,299 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 4,336 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Capital Bancorp during the second quarter valued at approximately $201,000. Rhumbline Advisers raised its position in Capital Bancorp by 23.9% during the second 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 during the period. Arrowstreet Capital Limited Partnership raised its position in Capital Bancorp by 129.7% during 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 purchasing an additional 86,062 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of 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 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 NASDAQ:CBNK opened at $37.54 on Thursday. The company has a market capitalization of $611.53 million, a price-to-earnings ratio of 11.04 and a beta of 0.52. Capital Bancorp, Inc. has a 12 month low of $26.40 and a 12 month high of $38.83. The firm’s 50-day moving average is $34.78 and its 200 day moving average is $32.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $65.29 million for the quarter, compared to analyst estimates of $66.54 million. Capital Bancorp had a net margin of 17.47% and a return on equity of 13.30%. Research analysts predict that Capital Bancorp, Inc. will post 3.43 EPS for the current year.

Capital Bancorp Increases Dividend

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

Analyst Ratings Changes

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

About Capital Bancorp

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.