Capital Bancorp (NASDAQ:CBNK) Sets New 12-Month High – Time to Buy?

Capital Bancorp, Inc. (NASDAQ:CBNK)’s share price reached a new 52-week high on Wednesday . The company traded as high as $36.41 and last traded at $36.36, with a volume of 35562 shares. The stock had previously closed at $35.12.

Analyst Upgrades and Downgrades

CBNK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Capital Bancorp from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded Capital Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.33.

Capital Bancorp Price Performance

The stock’s fifty day moving average price is $32.25 and its 200-day moving average price is $30.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market cap of $590.59 million, a price-to-earnings ratio of 10.95 and a beta of 0.55.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The firm had revenue of $62.77 million for the quarter, compared to analyst estimates of $62.41 million. Capital Bancorp had a return on equity of 13.48% and a net margin of 17.48%. As a group, equities research analysts forecast that Capital Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

Capital Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th were paid a $0.12 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Capital Bancorp’s dividend payout ratio (DPR) is 14.50%.

Institutional Trading of Capital Bancorp

Several hedge funds have recently made changes to their positions in the stock. Militia Capital Management LLC acquired a new stake in Capital Bancorp in the first quarter worth $1,398,000. Bank of America Corp DE grew its holdings in Capital Bancorp by 13.0% in the 1st quarter. Bank of America Corp DE now owns 22,334 shares of the financial services provider’s stock worth $664,000 after buying an additional 2,570 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Capital Bancorp by 9.8% in the first quarter. Empowered Funds LLC now owns 100,542 shares of the financial services provider’s stock valued at $2,990,000 after acquiring an additional 8,968 shares in the last quarter. Sei Investments Co. boosted its position in shares of Capital Bancorp by 104.1% in the first quarter. Sei Investments Co. now owns 167,222 shares of the financial services provider’s stock worth $4,973,000 after buying an additional 85,293 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Capital Bancorp by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 355,466 shares of the financial services provider’s stock valued at $10,571,000 after acquiring an additional 17,264 shares in the last quarter. Institutional investors own 56.14% of the company’s stock.

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.