Capital Bancorp, Inc. (NASDAQ:CBNK) Director Stephen N. Ashman Sells 3,959 Shares

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.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Monday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. Capital Bancorp’s dividend payout ratio (DPR) is currently 7.07%.

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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Insider Buying and Selling by Quarter for Capital Bancorp (NASDAQ:CBNK)

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