Capital Bancorp (NASDAQ:CBNK) announced its earnings results on Wednesday. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $18.84 million for the quarter.

Capital Bancorp stock traded up $0.24 during mid-day trading on Thursday, reaching $11.67. The stock had a trading volume of 304 shares, compared to its average volume of 6,018. The stock has a market cap of $160.37 million and a price-to-earnings ratio of 11.44. Capital Bancorp has a one year low of $10.21 and a one year high of $14.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.07.

Separately, Zacks Investment Research cut shares of Capital Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.50.

A hedge fund recently bought a new stake in Capital Bancorp stock. Geode Capital Management LLC acquired a new stake in shares of Capital Bancorp Inc (NASDAQ:CBNK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,684 shares of the financial services provider’s stock, valued at approximately $247,000. Geode Capital Management LLC owned approximately 0.16% of Capital Bancorp at the end of the most recent reporting period. 20.89% of the stock is currently owned by hedge funds and other institutional investors.

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About Capital Bancorp

Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various commercial banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States. The company offers a range of deposit products and services, including various checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture services, online and mobile banking services, e-statements, and bank-by-mail and direct deposit services, as well as business accounts, and cash and treasury management services.

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Earnings History for Capital Bancorp (NASDAQ:CBNK)

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