Capital Bancorp, Inc. (NASDAQ:CBNK) Receives $34.33 Consensus Price Target from Brokerages

Capital Bancorp, Inc. (NASDAQ:CBNK) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.3333.

CBNK has been the subject of several recent analyst reports. Stephens decreased their target price on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Capital Bancorp in a research report on Wednesday, November 26th. Hovde Group lowered their price objective on Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods cut their target price on Capital Bancorp from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Zacks Research cut Capital Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st.

Capital Bancorp Trading Up 1.2%

NASDAQ CBNK opened at $28.12 on Friday. Capital Bancorp has a 12 month low of $24.69 and a 12 month high of $36.40. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $29.02 and its 200-day moving average price is $31.69. The stock has a market cap of $464.57 million, a P/E ratio of 9.56 and a beta of 0.72.

Capital Bancorp (NASDAQ:CBNK) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. Capital Bancorp had a return on equity of 15.40% and a net margin of 16.41%.The firm had revenue of $21.01 million during the quarter. As a group, equities analysts forecast that Capital Bancorp will post 3.17 EPS for the current fiscal year.

Capital Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. Capital Bancorp’s payout ratio is 16.33%.

Insider Transactions at Capital Bancorp

In other Capital Bancorp news, CFO Dominic C. Canuso sold 3,400 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.95, for a total transaction of $95,030.00. Following the transaction, the chief financial officer owned 1,434 shares in the company, valued at approximately $40,080.30. This represents a 70.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Capital Bancorp during the 3rd quarter valued at about $29,000. Aquatic Capital Management LLC bought a new stake in Capital Bancorp during the third quarter valued at approximately $61,000. Police & Firemen s Retirement System of New Jersey increased its holdings in Capital Bancorp by 46.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,701 shares of the financial services provider’s stock valued at $91,000 after buying an additional 852 shares during the last quarter. Federated Hermes Inc. raised its position in Capital Bancorp by 12.7% in the first quarter. Federated Hermes Inc. now owns 3,977 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 449 shares during the period. Finally, Franklin Resources Inc. bought a new position in Capital Bancorp in the second quarter worth approximately $201,000. 56.14% of the stock is owned by hedge funds and other institutional investors.

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.