Insider Selling: Capital Bancorp, Inc. (NASDAQ:CBNK) Director Sells $29,520.00 in Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Joseph M. Greene sold 2,000 shares of the firm’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $14.76, for a total value of $29,520.00. Following the completion of the sale, the director now owns 208,251 shares in the company, valued at $3,073,784.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CBNK opened at $15.50 on Monday. The firm has a market capitalization of $212.06 million, a price-to-earnings ratio of 10.20 and a beta of 0.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.09. Capital Bancorp, Inc. has a one year low of $6.98 and a one year high of $15.74. The stock’s fifty day moving average is $14.57 and its 200-day moving average is $12.00.

Capital Bancorp (NASDAQ:CBNK) last issued its quarterly earnings results on Tuesday, January 26th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. Capital Bancorp had a return on equity of 15.12% and a net margin of 15.13%. Analysts forecast that Capital Bancorp, Inc. will post 1.65 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CBNK shares. Piper Sandler upgraded Capital Bancorp from a “neutral” rating to an “overweight” rating and raised their target price for the company from $10.50 to $12.00 in a research note on Wednesday, October 28th. TheStreet upgraded Capital Bancorp from a “c” rating to a “b-” rating in a research note on Monday, November 2nd. Finally, Zacks Investment Research upgraded Capital Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, January 4th.

Several institutional investors and hedge funds have recently modified their holdings of CBNK. Bank of America Corp DE increased its holdings 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 valued at $33,000 after purchasing an additional 1,476 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Capital Bancorp by 21.1% during the third quarter. Wells Fargo & Company MN now owns 28,314 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 4,937 shares during the period. BlackRock Inc. increased its holdings in shares of Capital Bancorp by 8.3% during the fourth quarter. BlackRock Inc. now owns 408,118 shares of the financial services provider’s stock valued at $5,686,000 after purchasing an additional 31,306 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Capital Bancorp by 1.4% during the fourth quarter. Alliancebernstein L.P. now owns 264,651 shares of the financial services provider’s stock valued at $3,687,000 after purchasing an additional 3,653 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Capital Bancorp during the fourth quarter worth about $266,000. 22.91% of the stock is currently 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. It operates through three divisions: Commercial Banking, Capital Bank Home Loans, and OpenSky.

Read More: What are retained earnings?

Receive News & Ratings for Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.