Capital Bancorp (NASDAQ:CBNK) Given New $27.00 Price Target at Keefe, Bruyette & Woods

Capital Bancorp (NASDAQ:CBNK) had its target price boosted by Keefe, Bruyette & Woods from $25.00 to $27.00 in a report published on Tuesday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on CBNK. Stephens raised shares of Capital Bancorp from an equal weight rating to an overweight rating and upped their price target for the stock from $25.00 to $28.00 in a research note on Monday, April 1st. Hovde Group lowered their price target on shares of Capital Bancorp from $27.00 to $26.00 and set an outperform rating on the stock in a research note on Tuesday, April 23rd.

Capital Bancorp Stock Down 0.2 %

Shares of Capital Bancorp stock opened at $25.88 on Tuesday. The company has a market cap of $359.47 million, a P/E ratio of 11.06 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. Capital Bancorp has a one year low of $18.56 and a one year high of $26.20. The firm has a fifty day moving average of $20.86 and a two-hundred day moving average of $20.83.

Capital Bancorp (NASDAQ:CBNK) last announced its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $57.51 million for the quarter, compared to analysts’ expectations of $42.70 million. Capital Bancorp had a return on equity of 13.54% and a net margin of 15.35%. On average, analysts forecast that Capital Bancorp will post 2.2 earnings per share for the current year.

Capital Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, August 5th. Capital Bancorp’s dividend payout ratio is presently 13.68%.

Institutional Investors Weigh In On Capital Bancorp

A number of large investors have recently added to or reduced their stakes in CBNK. Lazard Asset Management LLC acquired a new stake in Capital Bancorp in the 1st quarter valued at about $26,000. AJOVista LLC acquired a new stake in Capital Bancorp in the 4th quarter valued at about $33,000. New York State Common Retirement Fund lifted its holdings in Capital Bancorp by 28.6% in the 4th quarter. New York State Common Retirement Fund now owns 3,185 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 708 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Capital Bancorp by 80.9% in the 1st quarter. BNP Paribas Financial Markets now owns 4,942 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 2,210 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Capital Bancorp in the 4th quarter valued at about $125,000. 56.14% of the stock is owned by institutional investors and hedge funds.

About Capital Bancorp

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.