Capital Bancorp (NASDAQ:CBNK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Capital Bancorp Inc. is a bank holding company for Capital Bank, National Association. Capital Bank, National Association, is a commercial-focused national banking association which offers commercial and consumer banking services. The Company offers personal and commercial banking services, as well as cash management, commercial lending, consumer credit and residential mortgage and home loans. Capital Bancorp Inc. is based in Rockville, United States. “

CBNK has been the subject of several other reports. Stephens began coverage on Capital Bancorp in a report on Monday, October 22nd. They issued an “overweight” rating and a $14.00 target price for the company. Hovde Group upgraded Capital Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, November 5th. Keefe, Bruyette & Woods initiated coverage on Capital Bancorp in a research note on Sunday, October 21st. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Sandler O’Neill initiated coverage on Capital Bancorp in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $14.50 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Capital Bancorp presently has an average rating of “Buy” and a consensus target price of $14.50.

Shares of NASDAQ:CBNK opened at $11.90 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.30. Capital Bancorp has a 52-week low of $10.21 and a 52-week high of $14.28.

Institutional investors have recently made changes to their positions in the company. Banc Funds Co. LLC acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $1,018,000. Victory Capital Management Inc. acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $127,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $3,816,000. Alliancebernstein L.P. acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $1,908,000. Finally, Wasatch Advisors Inc. acquired a new position in shares of Capital Bancorp in the 3rd quarter valued at $1,204,000. 16.01% of the stock is currently owned by institutional investors and hedge funds.

About Capital Bancorp

Capital Bancorp, Inc operates as a bank holding company of Capital Bank N.A., which offers personal and commercial banking services. The company was formerly known as Hcnb Bancorp, Inc and changed its name to Capital Bancorp, Inc in May 2004. The company was incorporated in 1998 and is based in Rockville, Maryland.

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