Capital Bancorp Inc (NASDAQ:CBNK) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 50,400 shares, a decrease of 18.2% from the September 15th total of 61,600 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 4.0 days. Currently, 0.6% of the company’s stock are sold short.

Several brokerages have recently weighed in on CBNK. Piper Sandler dropped their price objective on shares of Capital Bancorp from $12.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Zacks Investment Research upgraded shares of Capital Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, October 1st.

NASDAQ:CBNK opened at $10.04 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a 50-day moving average of $10.11 and a 200-day moving average of $10.63. The company has a market cap of $138.75 million, a PE ratio of 8.16 and a beta of 0.26. Capital Bancorp has a one year low of $6.98 and a one year high of $15.07.

Capital Bancorp (NASDAQ:CBNK) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The company had revenue of $32.45 million during the quarter, compared to the consensus estimate of $26.70 million. Capital Bancorp had a net margin of 13.98% and a return on equity of 12.79%. On average, equities research analysts expect that Capital Bancorp will post 1.29 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Capital Bancorp by 93.3% during the second quarter. Bank of America Corp DE now owns 3,058 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,476 shares in the last quarter. First Quadrant L P CA bought a new stake in Capital Bancorp in the 2nd quarter worth about $123,000. First Trust Advisors LP grew its position in Capital Bancorp by 7.7% in the 2nd quarter. First Trust Advisors LP now owns 16,906 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 1,208 shares in the last quarter. Praetorian Wealth Management Inc. bought a new stake in Capital Bancorp in the 2nd quarter worth about $245,000. Finally, Wells Fargo & Company MN grew its position in Capital Bancorp by 22.5% in the 1st quarter. Wells Fargo & Company MN now owns 19,902 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 3,658 shares in the last quarter. 24.13% of the stock is owned by institutional investors.

Capital Bancorp Company Profile

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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