Insider Buying: Capital Bancorp, Inc. (NASDAQ:CBNK) Director Acquires 2,000 Shares of Stock

Capital Bancorp, Inc. (NASDAQ:CBNK) Director Mary Ann Scully purchased 2,000 shares of Capital Bancorp stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $25.14 per share, with a total value of $50,280.00. Following the transaction, the director now directly owns 13,536 shares in the company, valued at $340,295.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Capital Bancorp Trading Down 1.4 %

Shares of NASDAQ:CBNK traded down $0.35 on Thursday, hitting $25.14. 24,456 shares of the company’s stock were exchanged, compared to its average volume of 23,541. The business’s 50 day simple moving average is $21.26 and its two-hundred day simple moving average is $20.86. Capital Bancorp, Inc. has a 12 month low of $18.56 and a 12 month high of $26.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $349.19 million, a price-to-earnings ratio of 10.86 and a beta of 0.48.

Capital Bancorp (NASDAQ:CBNK) last released its earnings results 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). Capital Bancorp had a return on equity of 13.54% and a net margin of 15.35%. The firm had revenue of $57.51 million for the quarter, compared to analyst estimates of $42.70 million. Analysts anticipate that Capital Bancorp, Inc. will post 2.2 EPS for the current fiscal year.

Capital Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. This is a boost from Capital Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, August 5th. Capital Bancorp’s payout ratio is presently 13.68%.

Institutional Trading of Capital Bancorp

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Capital Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 437,034 shares of the financial services provider’s stock worth $9,103,000 after buying an additional 4,019 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Capital Bancorp by 35.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 111,328 shares of the financial services provider’s stock worth $2,694,000 after buying an additional 29,147 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Capital Bancorp by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 101,302 shares of the financial services provider’s stock valued at $2,110,000 after purchasing an additional 3,454 shares during the period. Empowered Funds LLC grew its position in shares of Capital Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 82,066 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 6,125 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Capital Bancorp by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 59,111 shares of the financial services provider’s stock valued at $1,212,000 after acquiring an additional 3,331 shares during the period. 56.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CBNK shares. Hovde Group increased their price objective on shares of Capital Bancorp from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Capital Bancorp from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd.

Capital Bancorp Company Profile

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.