Capital Bancorp, Inc. (NASDAQ:CBNK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Capital Bancorp, Inc. (NASDAQ:CBNK) have earned an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.6667.

A number of equities research analysts have recently commented on CBNK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Capital Bancorp in a research note on Monday, December 29th. Stephens dropped their price target on shares of Capital Bancorp from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Hovde Group cut their price objective on shares of Capital Bancorp from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Zacks Research raised shares of Capital Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Capital Bancorp from $31.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd.

Hedge Funds Weigh In On Capital Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of Capital Bancorp in the third quarter valued at about $29,000. State of Alaska Department of Revenue lifted its stake in Capital Bancorp by 135.1% in the 4th quarter. State of Alaska Department of Revenue now owns 1,580 shares of the financial services provider’s stock valued at $43,000 after buying an additional 908 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Capital Bancorp in the 3rd quarter worth about $61,000. Daytona Street Capital LLC purchased a new stake in Capital Bancorp during the 4th quarter worth approximately $72,000. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of 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 acquiring an additional 852 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.

Capital Bancorp Stock Performance

NASDAQ CBNK opened at $31.48 on Thursday. The firm has a market capitalization of $520.05 million, a P/E ratio of 9.26 and a beta of 0.66. The stock has a 50-day simple moving average of $29.65 and a two-hundred day simple moving average of $30.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.03. Capital Bancorp has a fifty-two week low of $24.69 and a fifty-two week high of $36.40.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Monday, January 26th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. Capital Bancorp had a return on equity of 14.76% and a net margin of 18.44%.The firm had revenue of $62.74 million for the quarter, compared to analyst estimates of $60.62 million. On average, equities analysts forecast that Capital Bancorp will post 3.17 earnings per share for the current year.

Capital Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Capital Bancorp’s dividend payout ratio (DPR) is currently 14.12%.

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.