Capital Bancorp, Inc. (NASDAQ:CBNK) Director Stephen N. Ashman sold 3,959 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $27.76, for a total value of $109,901.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CBNK opened at $27.99 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.00. The company has a 50-day moving average price of $24.87. The firm has a market cap of $388.17 million, a P/E ratio of 9.89 and a beta of 0.46. Capital Bancorp, Inc. has a one year low of $11.60 and a one year high of $28.16.
Capital Bancorp (NASDAQ:CBNK) last released its quarterly earnings results on Sunday, October 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. The business had revenue of $44.66 million during the quarter, compared to the consensus estimate of $39.40 million. Capital Bancorp had a return on equity of 21.93% and a net margin of 22.29%. Equities research analysts predict that Capital Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in Capital Bancorp by 204.6% during the 3rd quarter. Citigroup Inc. now owns 1,124 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 755 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Capital Bancorp by 66.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,226 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 890 shares during the last quarter. Barclays PLC boosted its stake in Capital Bancorp by 209.5% during the 3rd quarter. Barclays PLC now owns 3,169 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 2,145 shares during the last quarter. SG Americas Securities LLC acquired a new position in Capital Bancorp during the 3rd quarter valued at about $128,000. Finally, Sandy Spring Bank acquired a new position in Capital Bancorp during the 3rd quarter valued at about $152,000. Institutional investors and hedge funds own 30.64% of the company’s stock.
Capital Bancorp Company Profile
Capital Bancorp, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary Capital Bank, NA. It operates through the following segments: Commercial Banking, Capital Bank Home Loans, OpenSky, and Corporate. The Commercial Banking segment provides personalized service to commercial clients throughout the Washington, DC and Baltimore metropolitan areas.
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